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Wide-ranging reforms needed to ensure Italy’s economic recovery
Stronger, more inclusive and sustainable growth, better job opportunities and a reduction in the level of public debt in Italy require a comprehensive programme of far-reaching reforms while maintaining the important measures taken in recent years, according to a new OECD report. The latest Economic Survey of Italy says the country’s GDP is expected to fall by around 0.2% this year before growing 0.5% in 2020. GDP per capita is broadly at the same level of 20 years ago and poverty remains high, especially among the young. Low productivity growth and wide social and regional inequalities are long-standing challenges which need to be tackled vigorously. The public debt as a share of GDP remains high, at 134%, and a source of risks.[…]