Italy is stagnating and will grow by less than 1% this year. According to what was published in the latest OECD Economic Outlook, our country will close the fourth quarter with a growth of 0,1% and 2011 with a GDP increase of 0,7%. "Italy's economic recovery has lost momentum", reads the section dedicated to our economy, "and the recovery projections are weak". In fact in the 2012 the situation will get worse and the GDP will contract by 0,5%. Only in 2013 you will begin to glimpse a recovery and the economy is expected to post a 0,5% increase.
But if on the one hand there are few measures aimed at stimulating growth, those dedicated to the consolidation of the state accounts seem better. According to OECD forecasts Italy will manage to achieve a balanced budget in 2013, with a deficit/GDP ratio that will reach 3,6% this year, 2012% in 1,6 and 2013% in 0,1. The results that our country should achieve on the front are also good debt/GDP. In 2011 this rate will be 120%, it will remain stable in 2012 and will drop in 2013 to 118,9%.
Finally, in this scenario, you need to add data about the unemployment which will not be able to fall below 8% even in 2013.
In the ranking drawn up by the Parisian institute, theItaly results third last between 34 OECD countries for the conditions of the economy. Worse, they are only found there Greece, which this year should record a decline of 6,1%, and the Portugal, whose GDP will decrease by 1,6% in 2011.
