19:07 May 26, 2015
(AGI) – Rome, May 26 – Italy started to rise but there is’ the risk of a recovery braking that does not create jobs. A fear which is particularly pronounced in the South.
TEXT
It is therefore ‘to remove the weaknesses of our economic structure and accelerating production reforms: the only way ‘out of the crisis potra’ be reflected in an increase in jobs providing new impetus to domestic demand, which could, in turn, strengthen the development. The Governor of the Bank of Italy, Ignazio Visco, a photographer in his “Final Thoughts” a country that finally emerges from the crisis more ‘long after the war but must create the conditions to make the most of the improved international situation and “consolidate the recovery.”
The government’s action is promoted and encouraged together: good Jobs Act , bonus 80 € and management of public accounts , but woe to stop in mid-stream.
In Italy, Visco says, “there is a risk, particularly pronounced in the South, that the recovery may not be able to generate employment in the same way that ‘happened in past the exit from downturns. “
” The increase in GDP in the first quarter – the governor recognizes the text read before the audience of the Assembly of the Bank of Italy – interrupts a long period unfavorable cyclical, would continue in the current quarter and in future ones. “
But then immediately warned:” In order not to disappoint the expectations of change necessary to widen the spectrum of action of reform initiated and speed up its implementation. ” The benefits in some cases are not immediate but this says Visco, “and ‘one more reason’ to act, pursuing a consistent and coherent plan”.
And ‘the case of the Jobs Act, where an assessment of the effects procured and ‘still “premature”. And yet “the big boost of permanent hiring in early 2015, also favored by the significant tax cuts in effect since January, and ‘a positive sign, suggesting that with the consolidation of the recovery employment potra’ grow and move towards forms the most ‘stable’.
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But is not’ just the eventual stalemate reforms to worry about the number one Bank of Italy: “The return to a stable growth, so as to offer new job opportunities, demands that innovation must continue the effort to adapt to new technologies and to compete globally.” And, in this sense, in Italy “there is a risk, particularly pronounced in the South, which the shooting will not be able to generate employment in the same way that ‘happened in the past when exiting phases adverse cyclical “. This is because ‘the crisis just past’ and ‘grafted on a major transformation driven by technological progress and the growing integration of economies, with large emerging countries among the leaders. ” In this scenario, according to the Bank of Italy governor, “the demand for labor by companies more ‘innovative may not be enough to reduce unemployment in the short term. It risenterebbe the same sustainability’ of the recovery, it would not find enough food in domestic spending “.
The consolidation of the recovery also passes necessarily through the ability ‘of Italian businesses to compete internationally. And here Visco notes with concern a dualism in our production system: “The results of most companies’ efficiency, which increased sales in foreign markets, invested and made innovations, contrast with those of a considerable part of the production system, characterized by reluctance to innovate and organizational structures and management more ‘traditional’.
Visco notes that “the activities ‘innovative’ in Italy less intense than in other major advanced countries, especially in private sector “. Here, he explains, “businesses are not only born on average more ‘small, but also struggling to expand.” With reread negative on jobs: “In terms of jobs, even when they are successful grow at most ‘low and for a period more’ limited ‘.
They should therefore be’ more ‘delay in removing obstacles to ‘activities’ of companies and their growth, ranging from the complexity’ of the regulatory framework, the low efficiency of public administrations, the delay of justice, the shortcomings of the system of education and training. A situation to come “aggravated by corruption and more ‘from operating areas of crime’ was organized.”
The board of Visco companies and ” greater attention to the urban modernization, for land conservation and landscape, to the promotion of cultural heritage. ” Piu ‘public and private investment in these sectors will “produce important benefits, combining innovation and employment even outside the sectors most’ directly involved, such as construction and tourism.” Last indication school. Visco not from ‘evaluations of the disputed bill before Parliament but cautioned: “To improve the investment programs, increasing the quality’ and to direct resources where they are most ‘necessary you can not’ disregard a systematic and thorough services offered and the knowledge gained. “
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