OECD: Italy in recession. Shooting EU disappointing, alarm eurozone – Quotidiano.net

OECD: Italy in recession. Shooting EU disappointing, alarm eurozone – Quotidiano.net

Rome, September 15, 2014 – Italy will also close the 2014 recession. And ‘the OECD forecast contained in the’ September Interim Forecast ‘that of our country’s GDP will contract this year by 0.4% after -1.8% in 2013 . Slight signs of recovery in 2015 when the GDP will grow only 0.1%.

Worth noting that Italy will be the only major economy in the area this year to mark a trend in the negative, considering that the United States will experience a GDP up 2.1%, Germany 1.5%, France 0.4% of Britain’s 3.1%.

The Eurozone GDP will come in at +0.8% . Compared to the Economic Outlook of May The OECD has revised downward the estimate of the Italian GDP in 2014 from 0.5% to -0.4% (0.9 percentage points less): it is the major revision in the various countries analyzed. The revision for 2015 is even larger (-1 percentage point), the estimate of 1.1% in May to 0.1% from that of today.

“He continued moderate global recovery even if the weak demand in the euro area remains a cause for concern.” E ‘as in Interim report to the OECD economic assessment in September in which size estimates of growth of countries in the area. The Eurozone GDP was revised downward for 2014, from 1.2% to 0.8% (-0.4 percentage points), the United States from 2.6 % to 2.1%, that of Germany from 1.9% to 1.5%, that of France from 0.9% to 0.4%, that of Great Britain from 3.2% to 3.1 %.

With regard to 2015, the GDP of the United States will amount to 3.1% from 3.5%, while in Germany to 1.5% from 2.1%, that of France 1 % from 1.5%, that of Great Britain to 2.8% from 2.7%. The Eurozone GDP next year will rise by 1.1%, down from 1.7% in May. The only country that next year is expected to grow more than expected Great Britain to which the organization of Paris has revised upwards its growth forecast.

OECD: FLEXIBILITY ‘E REFORM THE RECIPE – Flexibility and reforms. This recipe OECD for Europe that worries the organization in Paris due to the weakness of domestic demand. “ Given the weak demand – the report says – flexibility within European rules should be used to support growth.” At the same time, “ambitious reform efforts are needed.”

Delrio – “We’ve inherited a phase of deep economic recession, it was hoped by all and there were predictions that there would be a recovery already in 2014 but we know that the international context for the revival tarry yet to develop, and so this is the picture again but this does not force us to an additional maneuver – has, however, reiterated the Secretary to the Presidency of the Council Graziano Delrio – . government does not want to load new labors Italians, wants to find savings in the reorganization of the state and then we will work harder on this. ”