In the post-war period, Italy enjoyed high growth by exploiting its decentralised production base and nurturing the technical and vocational skills needed for specialised manufacturing. But over the past fifteen years, Italy’s economic performance has been sluggish and productivity has stagnated. This is partly due to skills challenges.
I'm delighted to be with you today to shine the spotlight on people-centred innovation and what that means for growth and development in Africa.
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.
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.
I have just written to Prime Minister Renzi. We are thinking of those who lost their lives, their families, their homes, as well as the many others affected by this disaster.
The over-arching message of the 2015 OECD Economic Survey of Italy is straight forward: ‘a lot done, a lot more to do’. OECD Secretary-General shared some of the main findings.
The OECD Secretary-General, Angel Gurria, congratulates Prime Minister Renzi on the passing by the Italian Senate of a bill enabling the government to elaborate a comprehensive reform of the labour market – the so-called Jobs Act.
L'Italia ha compiuto notevoli progressi rafforzando le finanze pubbliche e adottando una vasta serie di riforme destinate ad incoraggiare la crescita economica. Il nuovo Governo deve garantire il rafforzamento di tali progressi e il perseguimento della medesima strada, secondo Angel Gurría.
Italy took courageous decisions and engaged reforms to address the crisis and create the necessary conditions to ensure economic recovery. The economic situation remains fragile but you are making visible progress and it is crucial to maintain the reform momentum, said OECd Secretary-General.
Discorso di chiusura di Angel Gurría, Segretario Generale OCSE, Conferenza internazionale sulle riforme strutturali in Italia