Economy


  • 9-October-2017

    English

    Italy’s justice system has quite a long road ahead but already scores better – The Italian View

    Italy’s justice system is gaining greater efficiency, thus gradually closing its paradoxical gap.

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  • 27-September-2017

    English

    The Italian banking system at a turning point – The Italian View

    The Italian banking system has long since been waiting for a comprehensive reform addressing structural inefficiencies and structural rigidities. As of 2014, the Government has defined a comprehensive reform plan while also tackling the crisis affecting several banks.

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  • 6-September-2017

    English

    The Narrow Path – The Italian View

    Growth in Italy is taking place more slowly than in other Eurozone countries. Public debate about this fact offers several explanations but rarely juxtaposes long-period trends with recent policies.

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  • 12-May-2017

    English

    G7 Finance Ministers and Central Bank Governors' Meeting: Inequality and Growth

    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.

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  • 28-February-2017

    English

    Italy’s reforms are paying off but challenges remain

    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.

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  • 15-February-2017

    English

    OECD Economic Surveys: Italy 2017

    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

  • 15-February-2017

    English

    Launch of the 2017 Economic Survey of Italy

    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.

  • 15-February-2017

    English

    Sustained reforms are essential to reinforcing inclusive growth in Italy

    Italy is slowly emerging from a deep and lengthy recession, helped by a range of structural reforms – such as the Jobs Act – and accommodative monetary and fiscal policies, according to a new OECD report.

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  • 15-February-2017

    English

    Economic Survey of Italy 2017

    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.

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  • 19-April-2016

    English

    Labour market transitions in Italy: job separation, re-employment and policy implications

    Italy’s low employment rate is associated with adverse labour market dynamics characterised differently across different categories of people.

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