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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.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
OECD Secretary-General Angel Gurría has welcomed the measures adopted by the Italian government to address fiscal sustainability while boosting growth and equity.
L’economia italiana si sta riprendendo e noi concordiamo con il governo nell’attenderci per l’anno prossimo una crescita leggermente migliore di quest’anno”, ha dichiarato Angel Gurría. “Non dobbiamo tuttavia sottovalutare il lavoro che resta da svolgere. L’Italia deve ancora fare dei passi in avanti per rafforzare la crescita e diminuire il rischio di futuri shock economici
Well targeted macroeconomic and structural policies would ensure long-term growth for the Italian economy while contributing to healthier public finances, according to the OECD Secretary-General presenting the Economic Survey of Italy in Milan.
Italy has been recovering only slowly from its worst post-war recession. Despite recent reform efforts, many structural problems that have in the past been a serious drag on labour productivity persist. The government has contained the budget deficit to some extent but needs to continue.
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.
Pier Carlo Padoan has been appointed Chief Economist of the OECD. Mr. Padoan will maintain his status of Deputy Secretary-General which he has held since joining the OECD in June 2007.
Economic forecasts for GDP, unemployment, inflation and fiscal balance.
Compulsory school education in Italy produces poor results in terms of 15-year-olds’ performance on PISA tests, compared with other OECD countries, despite a relatively high level of expenditure, as discussed in this working paper.