Istat: with the Recovery in 2025, GDP is expected to be +2.3

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February 22, 2021 In 2025, the Italian GDP could mark a +2.3 points and an improvement in employment equal to about 275,000 employed and a reduction in the unemployment rate of 0.7 percentage points.

Here is the good news coming from Istat.

It is the result of the simulation carried out by the Institute and indicated during the

on the proposal for a

.

The increase in investments "would determine both an increase in their share of GDP, which would return to above 19%, and their re-composition in favor of those in intangible assets, with positive effects on labor productivity".

It is a first assessment of the macroeconomic impact of the Recovery plan advanced by Gian Paolo Oneto, director of the Central Directorate for studies and thematic enhancement in the Istat area of ​​economic statistics.

The assessment "was conducted taking into account the indications and limits of the approach reported in the document," he explained.

In particular, the simulation, as highlighted by director Oneto, envisages applying "the 70% share to be allocated to public investments to the 158.22 billion resulting from the sum of the funds allocated to the new interventions (145.22 billion) and those relating to the react-eu (13 billion). Further hypotheses concerned the possible allocation of funds by separating the so-called tangible component from the intangible one, therefore research and development and digital. Finally, it was assumed that the available funds are used fully and without inefficiencies, with a uniform distribution of expenditure over the five-year period 2021-2025 ".

During the hearing, the president of Cnel, Tiziano Treu, underlined: "The PNRR can represent the tool to favor the development of a new industrial policy that the country urgently needs, with a medium-long term vision and that aims to enhance our economic and productive, social and cultural identity ".

There is optimism on the Recovery and a spring air is blowing in Europe as promised by the president of the EU Commission Ursula von der Leyen: “Europe will recover.

Recovery is oxygen for the economy ”.

While the President of the European Council Charles Michel reiterated the importance of monitoring "so that every euro is invested correctly to promote the modernization of the EU economy, promoting the green and digital transition".