The OECD raises growth forecast for Italy: GDP up 0.6% in 2015 and +1.3 … – Italy Today

The OECD has revised its growth forecast for the better of 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 is expected GDP growth of 0, 6%, an improvement of 0.4 points compared to Outlook in November (+ 0.2%). For 2016 it is estimated a 1.3% compared to 1% in November, with a rise of 0.3 points then.
In the eurozone, the OECD expects growth of 1.4% in 2015, up from the 0.9% of 2014, an upward revision of 0.3 points compared to 1.1% expected in the Economic Outlook for November. For 2016, the expected growth nell”area euro will be 2% in 2016 (+ 1.7% estimated in November). In particular, runs Germany that, after closing 2014 with a + 1.6%, is expected to expand by 1.7% in 2015 (+ 1.1% estimated in November) and 2.2 % in 2016. Upward revision also for France who, after growing by 0.4% in 2014, will mark, according to the OECD, increases in GDP of 1.1% in 2015 and 1.7% and in 2016 (+ 0.8% and + 1.5%, and will undergo a slight downward correction (-0.1%) the data on the United Kingdom (+ 2.6% in 2015, the same figure of 2014) .
addition, the OECD has read the plan Juncker as an opportunity to catalyze private investment with public support within the current budget constraints. It can increase investment in cross-border infrastructure up to 25% and may intensify exchanges up to 15%.
In its first revision of growth estimates for 2015, the OECD expects the world economy to expand by 4% in 2015 and 4.3% in 2016, up from forecast in November respectively + 3.9% and + 4.1%
On the US, the organization argues that the appreciation of the dollar against major currencies is contributing to low inflation that could result in a weakening growth of the largest economy in the world and a reduction in exports.
Finally, India probably will surpass China as the fastest growing economy, expecting a rise in GDP of 7.7% this year and 8% in 2016.