Portugal, according to the European Economic Forecast is one of the top 3 countries to invest with an expected investment growth of 4,1% in 2020 and 4.3% in 2022.
The South European countries could make the difference in next few years if we are able to make investors understand the possibilities we have, waiting to be developed.
Since 2008 regulation & high taxes affect growth
The European country of Italy, experimented a significant growth from the beginning of the 21st century. Until the 2008 financial crisis, the growth is stuck due to the European market regulation & high taxes. However, the business opportunities await inside & outside Europe.
The European leaders follow the same pattern.
France and Germany’s growth got their highest level by 2008, since then the remain nearly flat within the range of 2.5 and 4 trillion dollars GDP growth.
PEmployment growth in Member States In the fourth quarter of 2020, Portugal, Estonia (both +1.9%) and Spain (+1.2%) recorded the highest growth of employment in persons compared with the previous quarter. The largest decreases were observed in Czechia, Croatia, Latvia and Malta (all -0.5%).
Minimum wages January 2021
Luxemburg, Ireland and The Netherlands keep having the highest minimum wage and are strong european economies.
Following them, Belgium, Germany and France are over 1,5K€.
Spain and Portugal are within the 700 and 1,5K € range regarding mínimum wage.
Italy doesn’t count yet with a minimum wage regulation.
People employed in science & technology
The future of work needs Science & technology talent
The center and north of Europe holds the key to success counting with talent specialized in the sectors that will thrive the economic growth in the near future: science and technology
Source: “Eurostat – Market Report 2021”