Investment in Portugal is 30% lower than in 2005 - unemployment still in double digits

Poor economic growth - lowest since 2005; highest umemployment rate in EU, 

poor investment, rigid labour market rules

The Organization for Economic Co-operation and Development (OECD)

 says that investment in Portugal is more than 30% below the 2005 level 

and anticipates that unemployment will remain 

in double-digits in the coming years.

In a report released today by the OECD,

 on the evolution of the Portuguese economy 

it anticipates a "moderate annual growth" of 1.2% in 2017, 

and says that private consumption has played a significant role 

in the recent months 

but "should lose weight because 

job creation is too weak 

for consumer spending to continue to expand 

at the current level. "

Investment is expected to remain "weak" 

and exports "will grow less" than in previous years, 

partly because of falling demand from China and Angola, 

but should "continue to be the force behind this growth

 this year and the next".

Given the "slow growth", 

but also a higher minimum wage 

and the continued rigidity of the labor market, 

the OECD anticipates that the fall in unemployment 

will be "much slower than in the last two years" 

and that "unemployment is likely to continue 

in the double digits, 

among the highest in the European Union. "

Portugal's reality in BLACK and WHITE!!

without the socialist geringonça goverment propaganda!