According to the OECD, the Italian economy is heading towards recession. The forecasts for 2019 for our country contained in the Italy Report do not leave much hope and according to the OECD the Italian GDP will fall below zero this year, settling at -0,2%.
But the rejection of the economy is not the only tile that the OECD Report reserves for Italy and the yellow-green government. According to the international body based in Paris, neither the basic income nor the pension advance envisaged by Quota 100 authorize us to believe that the government measures will support growth but, on the contrary, they risk increasing the public deficit which will pass from 2,1% of GDP in 2018 to 2,5% in 2019.
On the early retirement of Odds 100, the OECD is particularly severe to the point of inviting the Italian Government to repeal the social security measure for at least three reasons: because it will slow down growth, because it will reduce employment among the elderly and because, if not applied fairly, "intergenerational inequality will increase and will increase the public debt”.
As for the CBI, the OECD sees the danger that undeclared work could increase without supporting growth.
Together with the politically improbable abolition of these two measures, the OECD recommends that the Italian government avoid repeated tax amnesties and lower the maximum threshold for cash payments.
Finally on state of health of Italian banks, the OECD observes that it "is closely connected to public finance and its effects on government bond yields" and that "lower government bond yields would help preserve the stability of the banking sector" on which - but this obviously OECD doesn't say – more loose cannons hang like the next freak Interparliamentary Commission of Inquiry which will move across the board and without time limits of duration and which risks being only an electoral platform, above all if its presidency were to be entrusted to an unlikely character and completely devoid of financial skills such as the former Northern League member and now a parliamentarian Pasdaran of the Five Stars, Gianluigi Paragone
