Growth seems to be slowly picking up. This is good news. But we are still facing a vicious circle of low productivity growth, sluggish demand, stagnant wages and, in many G7 countries, rising or high levels of inequalities.
The Secretary-General was in Bari from 11 to 13 May 2017 to attend the G7 Finance Ministers and Central Bank Governors' meeting where he delivered remarks on inequality and growth and security as a global public good. He also intervened in the sessions on global economy, and international taxation.
These country specific notes provide figures and commentary from the Taxation and Skills publication that examines how tax policy can encourage skills development in OECD countries.
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.