Economic Survey of Italy 2015

Changes to Italy’s political and institutional systems are crucial to ensuring the success of ambitious reforms currently underway to boost economic growth and raise living standards, according to the 2015 OECD Economic Survey for Italy issued in February 2015.

In the Survey
In the Survey the OECD estimates that if fully implemented, reforms introduced in Italy, should raise GDP by an additional 6% over ten years.

The report adds that to achieve this, full and effective implementation of the reforms is necessary.

Particularly important are the plans to improve the structure of parliament and the division of responsibility between central and regional governments - due to be completed this year - that will ensure more efficient law-making and avoid delays in implementation. This will also ensure that future, necessary reforms, will have a better chance to be approved.

• Primary Source

Website: OECD iLibrary http://www.oecd-ilibrary.org/

OECD: Press Release, 19.02.15: Italy: Reforms open new prospects for growth and jobs – OECD http://www.oecd.org/eco/surveys/italy-reforms-open-new-prospects-for-growth-and-jobs.htm

OECD: Economic Survey of Italy http://www.oecd.org/italy/economic-survey-italy.htm

The Local.it, 20.02.15: Italy's reforms will revive economy: OECD http://www.thelocal.it/20150220/italys-reforms-will-revive-economy-oecd

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