ROME (Reuters) – The increase in Italian GDP in the first quarter, after a long cyclical unfavorable, is likely to continue also in the other quarters of 2015. Central give impetus to recovery will be the role of innovation.
Ignazio Visco, in his concluding remarks, welcomed the return to the recovery of the Italian economy, stressing that the investment trend has turned positive. “According to the feedback of business will strengthen during the year,” says the governor of the Bank of Italy, recalling that the acceleration of exports is accompanied by the recovery of domestic demand.
For a return to stable growth efforts we serve more innovation to adapt to new technologies and global competition.
The government Visco acknowledges having initiated a reform that looked favorably even international institutions and markets. “In order not to disappoint the expectations of change necessary to broaden the spectrum and accelerate implementation” even if the benefits are not always immediate.
When it comes to work, “the big boost of permanent hiring in early 2015, also favored by the significant tax cuts in effect since January, is a positive sign” because “it suggests that the consolidation of the recovery jobs can grow and move towards more stable forms. “
The sustainability of Italian public finances, regularly called into question, is guaranteed by the reform measures implemented on the public pension system, more than in other European countries. However, you must initiate a rapid reduction in the ratio of government debt to GDP that goes to higher levels of income growth, added the governor.
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