The IMF confirms the growing Italian. “Well reforms, they have given back … – The Republic

MILAN – The government Renzi collects the support of the IMF, which concluded the mission in the beautiful country and estimated that Italian GDP will grow by 0.7 % this year and 1.2% next year, in line with what says the Def this year and slightly below for 2016. According to the technicians of Washington, the rebound will be “supported by the increase in exports and higher expenses for businesses and consumers. ” The new data of the IMF are 0.2 and 0.1 points higher than those contained in the World Economic Outlook last month. “The first quarter went much stronger than expected, while in 2016 we are still cautious because we want to see to what extent will resume investment,” said the head of mission Petya Koeva Brooks, in a briefing with the media at the end of visit of the Fund.

“This is the time to go full speed ahead with the reform agenda,” says the organization’s Washington, that “there is now a window of opportunity to push hard with deeper reforms to accelerate the growth “. In the letter delivered at the end of their mission in our country, inspectors Washington promote the government’s strategy Renzi, who “has created major economic and institutional reforms that have also restored confidence”. To Italy, in any case, it needs “more growth” in 2016 to “create jobs” and accelerate the plan to “re-entry” of public debt.

“The Italian economy is slowly emerging from a painful recession “, explains the Fund issuing of a recipe made in three points for the beautiful country. First, go full speed ahead with structural reforms aiming to solve the problems of low productivity that the country has dragged on for a long time. Second, support the process of repair of balance sheets in the banking sector. Third, the dynamic balance of fiscal consolidation with the aim of achieving a reduction of the debt-GDP.

How did recently, the European Commission, the Fund also spoke again of the problem of rhythm privatization: “The objectives of privatization were lowered in Def compared to the budget law. It would be appropriate to return to those more ambitious goals”, he says the IMF noting that the Stability Law provided for a 0.7% of GDP on average disposals the year, the Def approximately 0.4%. Among the measures adopted or in the agenda, the Fund recognizes the utility of a bad bank with public support to alleviate bank balance sheets from suffering, while the Jobs Act – fully implemented – “will bring better incentives on recruitment and training.” The labor reform “improve the system on the level of protection” of workers, according to the Fund. The conclusions of the IMF also take into account the fresh decisions on the pension problem: the measures taken today by the government to reimburse the non-indexation of pensions for 3.7 million people “should not change the fiscal year nor nor neighbor. “

Arguments:

IMF

International Monetary Fund

accounts public

Debt GDP

Deficit / GDP

pension

jobs act

privatization

bad bank

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