Work, the IMF freezes Italy: “Twenty years to return to pre-crisis” – The Messenger

“Without significant ccelerazione of growth, it will take nearly 10 years Spain and Italy and Portugal almost 20 years to reduce the unemployment rate to levels pre-crisis. ” This is what explains the IMF nell’Article IV dedicated the eurozone and which states that “a high unemployment will likely continue for a while.” In Italy in particular, it is estimated that the “natural rate of unemployment” – defined as the rate of unemployment stable inflation (NAIRU) – “remains higher than that seen during the crisis.” For comparison, in France will in the medium term to levels equal to those during the crisis, while in Spain the NAIRU “will drop significantly compared to unprecedented levels but remain above 15% over the medium term”.

Eurozone economic recovery “is gaining strength, supported by low oil prices and the purchasing program dela ECB, but the medium-term prospects remain weak, weighed down by lack of demand, low productivity and the weak balance sheets of banks and businesses. ” Writes the IMF in its report on the Eurozone, which shows that the euro area economy remains’ exposed to external shocks. “

In 2015 the Eurozone expected to post a GDP growth of 1.5% and 1.7% next year. He writes the IMF in its report on the Eurozone, noting that unemployment remains high, with an average of over 11%, while “the share of long-term unemployed continues to increase.” On the work front, the Fund reports as «the high youth unemployment could damage the human capital potential, leading to a ‘lost generation’.

 27 July 2015 17:05 – Last Updated: 17:09

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