It is therefore important to identify and implement conditions that promote the sustainable growth of the potential output — that is to make the Portuguese economy structurally able to grow at higher rates in the medium and long term, regardless of cyclical oscillations.
We know that what separates the Portuguese economy from the best performing economies in terms of per capita output are the productivity differences for every hour worked, rather than the number of hours worked. The solution to achieving sustainable growth of our GDP per capita should therefore focus on activating the ‘levers’ that determine the productivity of our workers.