António Lagartixo, CEO of Deloitte Portugal, identified three strategic priorities for the country's economic development: technology, talent, and capital. Without them, he warns, Portugal cannot compete globally. Challenges Portugal is small, peripheral, and has limited capital. "We can’t invest in everything — we must focus and act fast." Three Pillars for Growth 1. Technology Portugal has a strong record of adopting tech early (e.g. mobile networks, ATMs). Tech: - boosts productivity, - opens access to global markets, - helps close the competitiveness gap with larger nations. 2.Talent - Education quality is high, but brain drain is rising. - In 2023, 45% of Portuguese emigrants had higher education. - Retaining skilled people is essential to stay competitive. 3.Capital "Without results, we can’t attract capital — but without capital, we can’t deliver results." Public-private investment is crucial, especially in high-impact sectors like: - IT, - biotech, - healthcare, - defense, - advanced manufacturing. “If we don’t think globally, we can’t achieve sustainable growth.” Portugal must focus on strengths, invest strategically, and create conditions to keep top talent at home.
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