The OECD Working Group on Bribery commends Italy for the adoption of a Bill on 15 March, by the Italian Senate, which, if adopted by the Chamber of Deputies, would significantly extend the statute of limitations to allow more time to prosecute and sanction foreign bribery cases.
Cette page contient toutes les informations se rapportant à la mise en oeuvrede la Convention de l’OCDE sur la lutte contre la corruption en Italie.
Italy is recovering after a deep and long recession. Structural reforms, accommodative monetary and fiscal conditions, and low commodity prices have spearheaded the ongoing economic recovery.
Italy is recovering from a deep and long recession. Structural reforms, accommodative monetary and fiscal conditions, and low commodity prices have helped the economy to turn the corner. The Jobs Act, part of a wide and ambitious structural reform programme, and social security contribution exemptions have improved the labour market and raised employment. Yet, the recovery remains weak and productivity continues to decline. Returning the banking system to health will be crucial to revive growth and private investment. More investment in infrastructure will be essential to raise productivity. The government has made significant progress on tackling structural impediments to growth and productivity. Yet public-administration inefficiencies, slow judicial processes, poorly designed regulation and weak competition still make it difficult to do business in Italy. Labour and capital resources are trapped in low-productivity firms, which hold down wages and well-being. Innovative start-ups and SMEs continue to suffer from difficult access to bank and equity finance. Literacy scores are low and job-skill mismatch is one of the highest among OECD countries, depressing earnings and well-being. Many workers are under-skilled in the jobs they hold, highlighting mismatches between workers skills and those required by employers. Improving the education system and labour market policies are crucial to raising real wages, job satisfaction and living standards. The Jobs Act and the Good School reform go in the right direction and need to be fully implemented.
SPECIAL FEATURES: RAISING INVESTMENT; ENHANCING SKILLS
Despite the challenging global environment, Italy has made important reforms. We now predict the Italian economy will grow at a rate of 1% for 2017 and 2018. Reforms have helped to create 3.2 million new permanent contracts and boost total employment by 2% since early 2015.
L'Italie connaît une reprise après une récession profonde et durable. Les réformes structurelles, les conditions monétaires et budgétaires accommodantes et le bas niveau des prix des produits de base y ont contribué.
L’Italie sort lentement d’une récession longue et profonde, grâce notamment à diverses réformes structurelles – telles que le Jobs Act – ainsi qu’à des politiques monétaires et budgétaires accommodantes, comme l’explique un nouveau rapport de l’OCDE.
The Secretary-General presented the 2017 OECD Economic Survey of Italy and held bilateral meetings with Italian Prime Minister Paolo Gentiloni and several Cabinet ministers.
Since the last in-depth review in 2009, Italy has made strong progress in the development and implementation of energy policy. The most notable improvement has been the publication of a comprehensive long-term energy strategy.
The adoption of the National Energy Strategy in 2013 sent a strong signal to stakeholders as to the government’s medium- and long-term objectives for the energy sector. It established clear goals: reduce energy costs, meet environmental targets, strengthen security of energy supply and foster sustainable economic growth. Nonetheless, the adoption of the Strategy is only a first step towards achieving the government’s ambitions. Monitoring implementation and maintaining momentum will present a challenge for the government.
Italy has experienced impressive growth in the renewable energy sector and has been successful in integrating large volumes of variable renewable generation. Containing costs is a priority, and policies need to focus on bringing deployment costs towards international benchmarks.
Italy has also continued to progress in terms of market liberalisation and infrastructure development, notably in the electricity market where transmission improvements between north and south, as well as market coupling, have resulted in price convergence throughout the country and wholesale prices tending towards those elsewhere in Europe. Development in the gas sector has been slower, and greater progress is needed if Italy is to be become a southern European gas hub. Furthermore, institutional arrangements within the energy sector remain complex and should be reformed and strengthened. Implementation of the National Energy Strategy provides a timely opportunity to address each of these challenges in a comprehensive way.
This review analyses the energy policy challenges facing Italy and provides recommendations for further policy improvements. It is intended to help guide the country towards a more secure and sustainable energy future.
English, PDF, 274kb
A two-page OECD summary and analysis of the Services Trade Restrictiveness Index results for Italy.