(Teleborsa) – The OECD expects a "moderate" growth in Italy for 2018, cutting the GDP estimate to 0,8% from the 1% indicated at the beginning of May. For 2017, on the other hand, a growth of 1% is confirmed.
Private consumption should contribute to supporting growth, despite a slowdown in job growth, which should decelerate from 1,3% last year to 0,8% this year and 0,5% next. The unemployment rate is seen declining from 11,7% to 11,5% in 2017 and 11,2% in 2018.
This is what we learn from the OECD's Economic Outlook, the report presented this morning in Paris, from which modest prospects also emerge for the world economy: global GDP at 3,5% this year and 3,6% next from 3% in 2016.
Secondo Secretary General Angel Gurria, “The modest growth underway will not be enough to sustain welfare and the standard of living of individuals”. Therefore, the governments of advanced countries are urged not to be complacent and to carry forward a program of structural and fiscal reforms that will allow for tangible benefits to be achieved.
OECD number one, emphasizing that after 10 years "we still haven't found the cruising speed we knew before the crisis, warns that "it will still take many years to return to the pre-crisis situation".
