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Italy

Author

Listed:
  • Alexandru Butiseacă

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%.

Suggested Citation

  • Alexandru Butiseacă, 2017. "Italy," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy, pages 127-135.
    • Handle: RePEc:iem:conjun:y:2017:p:127-135
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