After a 2012 in recession, Italy will grow by 0,8% in 2013. The new prediction is from Bank of Italy and was illustrated by the director general of the institute, Fabrizio Saccomanni, during a meeting in Brasilia organized by the Guido Carli Association.
The data strongly contrasts with the estimates of the Prometeia research centre, according to which in 2012 the GDP will drop by 1,7%, while the following year we will see very slight growth, close to stagnation (+0,2%), and the real recovery will come only in 2014.
Saccomanni also confirmed the prediction of via Nazionale on theprimary surplus next year, which should be around 5% of GDP. From 2013 there will also be a “reduction of the debt-to-GDP ratio even in unfavorable scenarios“, specified the general manager of Palazzo Koch.
For the current year, on the other hand, it was the governor, Ignazio Visco, who presented Bankitalia's latest estimate, who during the last Assiom Forex fair he had spoken of a 1,5% contraction in GDP.
Saccomanni today also spoke on the issue of work – it will be held in the afternoon another vertex between Minister Fornero and the social partners – arguing the need for a reform that reduces “the current dual structure and revise the flexibility in entry and exit”.
But that's not enough. The path of reforms to restart growth "is not over - she added - further reforms are needed to improve the quality of public services (education, justice, etc.), especially in the South, and to make further progress in the fight against tax evasion, so as to reduce the tax burden on regular economic activities". New measures - concluded Saccomanni - will be necessary "to increase competition between universities and to reduce the obstacles to the growth in size of companies".
