REPORT
Milan , March 18, 2015 – 13:21
” Italy has gone from a stall at an optimal pace of reforms, and for this we are more positive future prospects. ” OECD comes an important encouragement for the government and Italy. So says Catherine Mann, the chief economist of the ‘Organisation for Economic Cooperation and Development, the woman who has taken the place of Pier Carlo Padoan called from that position to assume the role of Minister of Economy of the government Renzi. For the country, “there are opportunities,” said Mann, thanks to a better environment.
The OECD has revised upward, compared to Outlook in November, the growth estimates of Italy, France and Germany. Rome is expected GDP growth of 0.6% in 2015, 0.4 percentage points higher than the previous estimate, and 1.3% in 2016 (+0.3 points). For the eurozone, the OECD estimates a 1.4% this year and 2% in 2016
As for the Eurozone, increasing investment will be “a key element of a cyclical recovery” the report presented in Paris and plan Juncker “offers an important opportunity to catalyze private investment with public support within the current budget constraints.” According to the Organization, EU countries may have “an impact of improvement” for the request and “bring forward investment projects with high returns,” as in cross-border infrastructure and network industries such as electricity, gas and air transport and rail.
And yet Catherine Mann said on the subject of currencies that “probably today we see a excessive appreciation of the dollar, but the growth of the European and ‘expected to improve, and then in six months we might see a different situation in the euro-dollar exchange rate. ”
March 18, 2015 | 13:21
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