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Italy Towards 2018

Just days after the publication of the “2017 OECD Economics Survey of Italy”, the viewpoint of Catherine L. Mann, OECD Chief Economist and Head of the Economics Department, on what strategies need to be implemented to overcome the three main challenges and improve the timid positive trend of the Italian economy.

Italy Towards 2018

Challenges and Recommendations to Boost Growth

Just days after the publication of the “2017 OECD Economics Survey of Italy”, the viewpoint of Catherine L. Mann, OECD Chief Economist and Head of the Economics Department, on what strategies need to be implemented to overcome the three main challenges and improve the timid positive trend of the Italian economy.

How to increase productivity and investment, how to find the right fit between the skills needed in the job market and the training offered, the results of the Jobs Act and the crisis of the banking sector. The contribution of targeted investments in the R&D sector, in the consolidation of the reforms and in new technologies can lead to an additional 1.5% in per capita GDP over the course of the next five years.

Only joint action on these critical points, bringing efforts and resources to bear in the two-year period just begun, can break the vicious cycle that drags Italy down and could decide the fate of Europe.

The forecast of closing at +1% is insufficient to guarantee pensions and to keep the employment promises to the new generations.


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