The OECD freezes Italy: even in recession in 2014 – AGI – Agenzia Journalistic Italy

September 15, 2014 17:11

(AGI) – Rome, September 15 – Double cold shower for Italy: first comes the OECD, the second by Standard & amp; Poor’s. According to the organization Parisian our country close ‘even the 2014 recession, GDP will contract’ this year by 0.4% after -1.8% in 2013 Stagnation in 2015 when the GDP will grow ‘but only the 0.1%. Worth noting that Italy will be ‘the only major economy in the area this year to mark a trend in the negative, considering that the United States will experience a growth in GDP of 2.1%, Germany 1.5% , France 0.4% of Britain’s 3.1%.
The Eurozone GDP will stand ‘at 0.8%. Compared to the Economic Outlook of May, the OECD has revised downward the estimate of the Italian GDP in 2014 from 0.5% to 0.4% (0.9 percentage points less): This is the major revision of the various countries analyzed. For 2015, the revision and ‘even more’ wide (-1 percentage point), up 1.1% from the estimate in May to 0.1% from that of today.
Piu ‘in general, report’ OECD, “continued moderate global recovery even if the weak demand in the euro area remains a cause for concern.” The GDP of the Eurozone and ‘been revised downwards for 2014, from 1.2% to 0.8% (-0.4 percentage points), the United States from 2.6% to 2.1% , that of Germany from 1.9% to 1.5%, that of France from 0.9% to 0.4%, that of Great Britain from 3.2% to 3.1%. With regard to 2015, the GDP of the United States will stand ‘to 3.1% from 3.5%, while Germany’s 1.5% from 2.1%, that of France from 1.5 to 1% %, that of Great Britain to 2.8% from 2.7%. The Eurozone GDP next year will rise ‘by 1.1%, down from 1.7% in May.
The only country that next year is expected to grow more’ than expected and ‘the Great Britain for which the organization of Paris has revised upwards its growth forecast. The recipes are out of this situation flexibility ‘and reforms. “Given the weak demand – the report says – flexibility ‘within the European rules should be used to support growth.” At the same time, “ambitious reform efforts are needed.” Standard & amp; Poor’s cut its growth forecast del’Eurozona and expects the Italian economy remain ‘at the stake in 2014, against 0.5% forecast in June. Downward magazines are also estimates of France (+ 0.5% to + 0.7%) and the Netherlands (at 0.8% to 1%), while those of Germany remain unchanged (+1.8% ), Spain (+1.3%) and Belgium (1.1%). “The disappointing second-quarter results have cast doubt on the sustainability ‘of the recovery in the euro area,” warns S & amp; P, according to which “economic conditions” area “remain fragile.” (AGI).