italy recovery fragile needs bold reforms
Last Updated : GMT 07:10:15
Arab Today, arab today
Arab Today, arab today

Italy recovery fragile, needs bold reforms

Arab Today, arab today

Arab Today, arab today Italy recovery fragile, needs bold reforms

Italy recovery fragile, needs bold reforms
Rome - AFP

Italy's Prime Minister Matteo Renzi must rapidly enact labour reforms and clean up corruption to boost weak growth in the eurozone's third-biggest economy, the International Monetary Fund said Tuesday.
Despite a pickup in private consumption and exports, "the recovery remains fragile and unemployment unacceptably high, highlighting the need for bold and quick policy actions," the IMF said in a report after a visit to Italy.
Italy's economy shrank by 0.1 percent in the first quarter of 2014 after officially pulling out of its worst post-war recession at the end of last year.
Official data, including a rise in industrial production, showed growth should pick up again in the second quarter.
Renzi -- who became premier in February -- has pledged repeatedly to modernise Italy, clean up its political system and tackle record unemployment, though few have seen the light of day.
"Delivery of real change is now crucial for strengthening confidence and support for reforms," the IMF said.
The IMF also highlighted "fiscal rebalancing to allow lower tax rates and increased productive spending," as key to turning around Rome's fortunes.
The international body said reforming government policy on labour and competition, providing more support to small and medium enterprises and cleaning up the judicial system would all help to boost growth.
On workers rights, the IMF said Italy's temporary roles, which have been criticised for stripping workers of their rights, should be replaced by contracts that increase job protection for workers.
Reforms from 2012 to clean up corruption have helped but "could be further improved, notably by criminalizing the false accounting offenseand changing the limitation period provisions," it added.
The body also praised Italian banks for making progress in precognizing losses, reforming governance and raising private capital, but warned on the slow pace of write-offs.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

italy recovery fragile needs bold reforms italy recovery fragile needs bold reforms

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

italy recovery fragile needs bold reforms italy recovery fragile needs bold reforms

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today May under Brexit pressure at EU reform summit

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today VW says will invest over 34bn euros

GMT 07:19 2017 Tuesday ,21 November

VW says will invest over 34bn euros
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 11:15 2017 Thursday ,16 November

Angola oil boss sacked by father's protege

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 13:41 2017 Tuesday ,21 November

French choke up over proposal

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday