MILAN (Reuters) – To Italy, which is emerging from a long recession three years, it will serve twenty to reduce the unemployment rate bringing it back to pre-crisis levels in the absence of a significant acceleration in economic growth.
‘contention the International Monetary Fund in the ‘Selected issues’ relationship’ Article IV ‘on the euro area, indicating that the high levels of unemployment across the euro zone are set to continue for a while’ time.
On unemployment, the Fund estimates that “without a significant recovery of growth, it will take about 10 years Spain, and about 20 in Portugal and Italy to reduce the unemployment rate to pre-crisis levels. “
In particular, the IMF recommends Italy to focus on a series of reforms, including that of public administration, civil justice, but also the labor market, in order to make it more flexible, and the market of goods and services in order to increase competitiveness.
Among the steps progress made recently by Italy, the Fund welcomes the approval of the “Jobs Act” and the law on civil liability of judges.
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