OECD raises growth estimates of Italy, in 2015 expected growth pil … 0 – AGI – Agenzia Journalistic Italy

14:29 March 18, 2015

(AGI) – Rome, March 18 . – The OECD revises in better estimates of growth in Italy and the Eurozone. The low oil prices and the effects of quantitative easing launched by the ECB help Europe emerge from stagnation. Worsen the economic outlook in China and Brazil, and it confirms the strong US recovery. In Italy, we read in Interim Economic Assessment OECD for 2015 and ‘expected GDP growth of 0.6%, an improvement of 0.4 points compared to the Outlook OECD in November (+ 0.2%) . For 2016 it is estimated a 1.3% against% in November, with a rise of 0.3 points then. In the Eurozone is expected to grow 1.4% in 2015, up from the 0.9% in 2014. This is an upward revision of 0.3 points compared to 1.1% expected in the Economic Outlook November. For 2016 is expected for the euro area rose by 2% in 2016 (+ 1.7% estimated in November).
Corre in particular Germany which, after closing 2014 with a +1 , 6%, and ‘planned expanding by 1.7% in 2015 (+ 1.1% estimated in November) and 2.2% in 2016.
Upward revision also for France that , after growing by 0.4% in 2014, will mark ‘, according to the OECD, the GDP increases of 1.1% and 1.7% in 2015 and in 2016 (+ 0.8% and + 1.5% according to the Economic Outlook last), while it takes a slight downward correction (-0.1%) the data on the United Kingdom (+ 2.6% in 2015, the same figure of 2014). “The low oil prices and the effects of quantitative easing by the ECB are new, important and positive growth factors to explain the upward revision of estimates on economic growth in the euro area,” says the OECD. “This provides an opportunity ‘for the euro area to avoid a prolonged period of stagnation, weak labor markets and inflation too low.” In addition to the OECD reads the plan Juncker as an opportunity ‘to catalyze investments. “Increasing investment – the report says – will be ‘a key element of cyclical recovery in the euro area, in addition to being required to increase productivity’ in the medium term. The plan Juncker offers an important opportunity to catalyze private investment with public support within the current budget constraints.
By acting together the EU country can have a greater impact of demand and carry out investment projects with high returns. ” The plan, however, ‘needs’ of the support and contributions of national governments to achieve effective implementation. However, the effectiveness of the plan requires regulatory reforms of the market and regulatory frameworks to ensure the profitability transboundary’ investment. “
Piu ‘overall growth prospects of the major advanced economies appear in “slight improvement” but estimates still point of expansion “moderate rather than rapid” of world GDP, subject, however, to “risks to the established’ financial ‘.