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Government of Portugal and Politics of Portugal


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PORTUGAL

Government of Portugal and Politics of Portugal
Politics in Portugal operates as an unitary multi-party semi-presidential representative democratic republic, whereby the Prime Minister of Portugal is the head of government, and the President of Portugal is the non-executive head of state with several significant political powers they exercise often. Executive power is exercised by the Government, whose leader is the Prime Minister. Legislative power is primarily vested in the Assembly of the Republic (the Portuguese parliament), although the government is also able to legislate on certain matters. The Judiciary of Portugal is independent of the executive and the legislature. The President exerts a sort of "moderating power", not easily classified into any of the traditional three branches of government.
Since 1975, the party system has been dominated by the social democratic Socialist Party and the liberal-conservative Social Democratic Party.
Government in Portugal is made up of three branches originally envisioned by enlightenment philosopher Baron de Montesquieu: executive, legislative, and judicial. Each branch is separate and is designed to keep checks and balances on the others. The President's powers, however, do not fall into either of the traditional three, forming instead a sort of "moderating power" over the legislature and the government.
The four main organs of the national government are the presidency, the prime minister and Council of Ministers (the government), the Assembly of the Republic (the parliament), and the judiciary.
The President, elected to a 5-year term by direct, universal suffrage, is also commander-in-chief of the armed forces. Presidential powers include appointing the Prime Minister and Council of Ministers, in which the President must be guided by the assembly election results; dismissing the Prime Minister; dissolving the assembly to call early elections; vetoing legislation, which may be overridden by the assembly; and declaring a state of war or siege.
THE Economy of Portugal
The economy of Portugal is ranked 34th in the World Economic Forum's Global Competitiveness Report for 2019.[32] The great majority of the international trade is done within the European Union (EU), whose countries received 72.8% of the Portuguese exports and were the origin of 76.5% of the Portuguese imports in 2015. Other regional groups that are significant trade partners of Portugal are the NAFTA (6.3% of the exports and 2% of the imports), the PALOP (5.7% of the exports and 2.5% of the imports), the Maghreb (3.7% of the exports and 1.3% of the imports) and the Mercosul (1.4% of the exports and 2.5% of the imports).[33] The Portuguese currency is the euro (€) and the country has been a part of the Eurozone since its inception. Portugal's central bank is the Banco de Portugal, which forms part of the European System of Central Banks, and the major stock exchange is the Euronext Lisbon, which belongs to the NYSE Euronext, the first global stock exchange.
The Portuguese economy has been steady, expanding continuously since the third quarter of 2014, with a yearly GDP growth of 1.5% registered in the second quarter of 2015.
The economy's growth has been accompanied by a continuous fall in the unemployment rate (6.3% in the first quarter of 2019, compared with 13.9% registered in the end of 2014). The government budget deficit has also been reduced from 11.2% of GDP in 2010 to 0.5% in 2018. These rates mark an inversion from the negative trends caused by the impact of the financial crisis of 2007–2008 in the Portuguese economy that made it to shrink for three consecutive years (2011, 2012, and 2013), accompanied by a high increase of the unemployment rate (that achieved a record of 17.7% in early 2013).[36] The crisis has caused a wide range of domestic problems that are specifically related to the levels of public deficit, as well as the excessive debt levels, in the economy. The problems culminated in the confirmation from Portugal to a €78 billion financial bailout from the EU in April 2011, following similar decisions from Greece and the Republic of Ireland. The government that assumed office in June 2011 had to face tough choices in regard to its attempts to stimulate the economy while at the same time seeking to maintain its public deficit around the EU average.
Portugal is home to a number of notable leading companies with worldwide reputations, such as The Navigator Company, a major world player in the international paper market; Sonae Indústria, the largest producer of wood-based panels in the world; Corticeira Amorim, the world leader in cork production; Conservas Ramirez, the oldest canned food producer; Cimpor, one of the world's 10th largest producers of cement; EDP Renováveis, the 3rd largest producer of wind energy in the world; Jerónimo Martins, consumer products manufacturer and retail market leader in Portugal, Poland and Colombia; TAP Air Portugal, highly regarded for its safety record, and one of the leading airlines linking Europe with Africa and Latin America (especially Brazil).
Education in Portugal has been in gradual modernization and relative expansion since the 1960s, achieving recognition for its world-standard practices and trends in the 21st century. According to the Programme for International Student Assessment (PISA) 2015, the average Portuguese 15-year-old student, when rated in terms of reading literacy, mathematics and science knowledge, is placed significantly above the OECD's average.[39][40] Portugal is home to several world class universities and business schools that have been contributing to the creation of a number of highly renowned international managers and are attracting an increasing number of foreign students. Portugal has the highest emigration rate as a proportion of population in the European Union. More than two million Portuguese people (20% of the population) now live outside the country.
Economy
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