Italy is recovering after a deep and long recession. Structural reforms, accommodative monetary and fiscal conditions, and low commodity prices have helped the economy to turn the corner.
Italy’s low employment rate is associated with adverse labour market dynamics characterised differently across different categories of people.
A well-functioning labour market is indispensable to promote job creation, increase living standards, and develop a cohesive society. In Italy, the various deficiencies of the labour market have resulted in high unemployment, low labour force participation and job-skill mismatch.
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To improve Italy’s long-term growth prospects, comprehensive structural reforms are needed to boost competitiveness and support job creation. Drawing on the OECD Economic Survey of Italy 2015, this paper provides a snapshot of the government’s reform agenda and assesses the impact on productivity, employment and GDP of the reforms that have been introduced since 2012.
The over-arching message of the 2015 OECD Economic Survey of Italy is straight forward: ‘a lot done, a lot more to do’. OECD Secretary-General shared some of the main findings.
Cambiare il quadro politico-istituzionale in Italia è fondamentale per garantire che le ambiziose riforme in corso rilancino la crescita e aumentino la qualità della vita, secondo un nuovo rapporto dell’OCSE.
Changes to Italy’s political and institutional systems are crucial to ensuring the success of ambitious reforms currently underway to boost economic growth and raise living standards, according to a new OECD report.
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This country note from Going for Growth 2015 for Italy identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Third Annual Conference on the theme of "Fiscal Policies and the Green Economy Transition: Generating Knowledge – Creating Impact" held at the University of Venice from 29 through 30 January 2015. The press release is available.
After being hard hit by the crisis, the Italian economy has seen a recovery in output and an improvement in its labour market.