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Italy has made considerable progress in strengthening its public finances and adopting wide-ranging reforms to boost economic growth. The new government must build on past achievements and ensure that they are sustained and reinforced, says a new OECD report.
Italy has made a major effort to speed up long-overdue economic reforms but it is now essential to maintain the momentum, OECD Secretary-General Angel Gurría said today in Rome.
Italian, PDF, 3,445kb
Basandosi sulle esperienze degli altri Paesi OCSE, il presente opuscolo presenta un aggiornamento delle
principali raccomandazioni OCSE su politiche decisive per il futuro dell’Italia.
English, PDF, 3,026kb
Over the past two years, Italy has made a tremendous effort to speed up long overdue structural reforms. These reforms have been courageous, ambitious and wide-ranging and could add up to an estimated 4% to GDP over the next 10 years. Drawing on OECD member countries’ experiences, this brochure presents an update of key OECD policy advice in areas that are critical to Italy’s future.
The project, jointly implemented by the OECD LEED Programme and Unioncamere Lombardia, examined the capacity in Lombardy region to support new enterprise creation and the development of small and medium enterprises (SMEs) and how it can be enhanced through local economic and employment development policies.
OECD Secretary-General Angel Gurría has welcomed the measures adopted by the Italian government to address fiscal sustainability while boosting growth and equity.
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.
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.
Summary of Economic Surveys: Italy
"Governments need to take quick and decisive action to avoid the financial crisis becoming a fully-blown social crisis with scarring effects on vulnerable workers and low income households," OECD Secretary-General Angel Gurría told G8 Labour and Employment Ministers in Rome today.