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20 January 2020It requires "important structural reforms to increase growth potential" and "should reduce debt", says the chief economist of the International Monetary Fund, Gita Gopinath, stressing that our country has benefited from the monetary easing of banks power plants, which allowed it to close 2019 with a GDP growth of 0.2%, therefore higher than the zero previously estimated by the IMF.

The Italian GDP will grow by 0.5% this year before accelerating to 0.7% next year. The World economic outlook has left the estimates for 2020 unchanged and those for 2021 limited by 0.1%. The figure for 2019 remains fixed at + 0.2%. The numbers are slightly better than those contained in the government's Update to Def note, which set growth at 0.1% last year and 0.4% in 2020.

"Economies with unsustainable debt levels will need to consolidate, including through effective mobilization of revenue. To ensure a timely fiscal response if growth slows sharply, countries should prepare contingent measures in advance and strengthen automatic stabilizers." So the Chief Economist illustrating the update to the IMF's World Economic Outlook that was presented today in Davos. For the Fund, "a coordinated tax response may be needed to improve the effectiveness of individual measures. In all economies, a fundamental imperative is to undertake structural reforms, improve inclusiveness and ensure that safety nets protect vulnerable people."

Cut the estimates of world GDP
Global growth will accelerate from 2.9% in 2019 to 3.3% in 2020 and 3.4% in 2021. The forecast is contained in the update of the World economic outlook of the International Monetary Fund which has slightly revised the data downwards published last October. In particular, the technicians of the Institute of Washington have cut the GDP trend in 2020 and 2021 by 0.1% and that of 2022 by 0.2%. The review, the report explains, "reflects negative surprises for the economic activity in some emerging markets, in particular India ", and" growing social and geopolitical tensions ". The state of health of the world economy, still "slowing down", still appears to be slightly improving "although there are no clear signs of a turnaround".