 ItalyAlexandru Butiseacă Conjunctura economiei mondiale / World Economic Studies, 2017, 127-135 Abstract: Data on Italy's GDP growth in 2016 confirms slow progress in economic recovery as compared to the Euro Zone. After modest attempts to change the existing rules of game, the Italian Government is still facing the challenges raised by the inefficiency of state-owned enterprises and local public services, coupled with a business environment that hampers private initiative. In addition, non-performing loans and political uncertainty appear to be increasingly the Achilles heel for the Executive in Rome. These risks will persist also in 2017-2018, with the macroeconomic framework likely to record a worsening of some indicators, including private and public consumption. The unemployment rate will see a marginal reduction, while inflation is expected to increase, with the share of public debt in the GDP remaining at a high level. Growth prospects for 2017 and 2018 are hovering around the modest figure of 1%. Keywords: Italy; macroeconomic indicators; economic growth; inflation; unemployment; general government net lending/borrowing; gross debt; state-owned enterprises; non-performing loans; reform (search for similar items in EconPapers) There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it. Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:iem:conjun:y:2017:p:127-135 Access Statistics for this article Conjunctura economiei mondiale / World Economic Studies is currently edited by Simona Moagar Poladian, PhD More articles in Conjunctura economiei mondiale / World Economic Studies from Institute for World Economy, Romanian Academy Contact information at EDIRC. |
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