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A moderate recovery is underway in the major advanced economies, according to the OECD’s latest Interim Economic Assessment. Growth is proceeding at encouraging rates in North America, Japan and the UK. The euro area as a whole is out of recession, although output remains weak in a number of countries.
OECD indicators of structural policy show that policy changes in Italy since 1998 should have improved
the environment for entrepreneurship significantly, but in the same period its economic performance has
Italy’s policy of fiscal consolidation and growth-friendly structural reforms has substantially improved its economic prospects, but the adverse sentiment that the country has faced in the sovereign bond market over the past years has deep roots.
L'Italia ha compiuto notevoli progressi rafforzando le finanze pubbliche e adottando una vasta serie di riforme destinate ad incoraggiare la crescita economica. Il nuovo Governo deve garantire il rafforzamento di tali progressi e il perseguimento della medesima strada, secondo Angel Gurría.
Italy took courageous decisions and engaged reforms to address the crisis and create the necessary conditions to ensure economic recovery. The economic situation remains fragile but you are making visible progress and it is crucial to maintain the reform momentum, said OECd Secretary-General.
Italy has made considerable progress in strengthening its public finances and adopting wide-ranging reforms to boost economic growth. The new government must build on past achievements and ensure that they are sustained and reinforced, says a new OECD report.
Italy has made a major effort to speed up long-overdue economic reforms but it is now essential to maintain the momentum, OECD Secretary-General Angel Gurría said today in Rome.
English, PDF, 3,026kb
Over the past two years, Italy has made a tremendous effort to speed up long overdue structural reforms. These reforms have been courageous, ambitious and wide-ranging and could add up to an estimated 4% to GDP over the next 10 years. Drawing on OECD member countries’ experiences, this brochure presents an update of key OECD policy advice in areas that are critical to Italy’s future.
Italian, PDF, 3,445kb
Basandosi sulle esperienze degli altri Paesi OCSE, il presente opuscolo presenta un aggiornamento delle
principali raccomandazioni OCSE su politiche decisive per il futuro dell’Italia.
Enhancing inclusive growth and fiscal sustainability requires effective implementation of recent reforms and fiscal consolidation. Good public administration and the rule of law are essential for effective policy implementation.