• OECD: one child in seven in poverty, Italy above average
  • The OECD is still cutting growth estimates. Italy down in 2020
  • OECD: in Italy slow recovery and high unemployment, ahead with reforms
  • OECD. Area unemployment drops to 5.2%, Italy remains at 10.2%

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21 November 2019The growth of Italian GDP should resume "very gradually", at 0.4% in 2020 and at 0.5% in 2021, against 0.2% in 2019: this is what emerges from the OECD's Economic Perspectives. For the OECD, on the one hand the "weak external demand" and the "persistent uncertainties" linked to global commercial frictions on the other "will weigh in. Internal consumption should grow moderately, driven by stabilizing consumer confidence and cuts to the wedge tax for many dependent jobs ". It also emphasizes the OECD "With the reduction of uncertainties related to internal politics, the financing conditions will become easier and the tax incentives should support investments".

OECD: Italy's primary surplus worsens, 1% GDP in 2020 Impact on debt. It will stabilize from 2021.
The primary surplus of Italy will continue to fall, from 1.3% of GDP in 2018 and in 2019 to 1% in 2020, to then stabilize in 2021: this is what we read in the Economic Outlook of the OECD published today in Paris. According to the organization, the primary surplus has a direct impact on the public debt situation, which - according to the Economic Outlook - will grow to 136% of GDP in 2019 and to 136.1% in 2020, before falling again, to 135.6%, starting from 2021.

OECD: Italy unemployment drops to 10% in 2019 and 2020
Italy's unemployment rate dropped to 10% in 2019 and in 2020 after 10.6% in 2018. According to the organization, the figure should return to growth, at 10.2%, in 2021. "The employment - writes the OECD in the summary sheet dedicated to Italy - has continued to grow, albeit at a slower pace, with a greater share of new hires covered by permanent contracts ".

The organization therefore calls on Italy to reduce its debt in a "sustainable way" and to "encourage growth, especially in areas that are lagging behind", through a "credible medium-term budget plan" and "ambitious structural reforms".