Is a productive recovery still slow but this year could be stronger than expected. After the Bank of Italy, which has just released estimates of growth strengthened compared to last January, also the Confindustria Study Centre says, through its monthly report “Congiuntura flash”, that “the recent progress of the Italian economy are in line or even greater than indicated by the CSC in the scenario of mid-June. ” However, the document warns: “The priority of Italy” must now be to “strengthen the slow ascent of the economy, continuing along the path of structural reforms, including the reduction of the tax burden that ballast business competitiveness.”
The data for the first quarter 2015 illustrate Italian economy recovered slightly, with GDP growing by 0.3% compared to the last data of 2014. To boost the economy is mainly the strong improvement in domestic demand that has shown steady growth in early 2015. Also good employment figures, with an increase of over 50,000 employees between April and May
Taken from Il Sole 24 Ore of 24.7.2015, page 13
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