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| Content Provider | OECD iLibrary |
|---|---|
| Organization | OECD |
| Abstract | L’économie portugaise s’est caractérisée ces dix dernières années par une croissance faible et des déficits volumineux des paiements courants. L’accès au crédit facile sur les marchés mondiaux, conjugué jusqu’à ces derniers temps à une absence de dispositifs incitant les banques à limiter leur ratio prêts/dépôts, a permis de financer à l’international une forte consommation et des investissements élevés par rapport au produit intérieur brut (PIB), par un recours excessif du secteur bancaire aux marchés de capitaux. Ce phénomène a abouti à un endettement important des ménages et des entreprises, et rendu les banques vulnérables à un retournement de la confiance des investisseurs. Cela étant, l’investissement et le crédit ont été principalement orientés vers les secteurs protégés, donnant naissance à une infrastructure routière, à des capacités de production d’électricité et à un stock de logements surdimensionnés. Les carences des institutions du marché du travail ont encore sapé la productivité et entravé l’ajustement des salaires, rendant encore plus difficiles les gains de compétitivité-coûts. |
| Page Count | 37 |
| Starting Page | 95 |
| Ending Page | 131 |
| Language | French |
| Publisher | OECD Publishing |
| Publisher Date | 2012-12-19 |
| Access Restriction | Open |
| Subject Keyword | Economics |
| Content Type | Text |
| Resource Type | Chapter |
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