The International Monetary Fund today presented its forecasts for the Italian economy as part of the already published Outlook on the world economy.
The IMF expects peak unemployment in Italy to peak this year at 12,6%, but will improve in 2015 when it drops to 12%. However, the figure is higher than the euro area average (11,6% in 2014 and 11,2% in 2015). Spain and Greece do worse: their unemployment rates will remain above 20% in 2014 and 2015.
On the debt front – sensitive issue, especially for international financial operators – lights and shadows. In fact, the Italian debt will stand at 136,7% of GDP this year, due to the recession, an increase compared to 132,5% in 2013. In 2015 the debt will be at 136,4%, to drop to 125,6%. % in 2019.
