Confindustria expects two years of recovery: “There comes half a million jobs” – The Republic

Milan – Confindustria expects a “recovery period” and revised its estimates of GDP. The new provisions of the Study Centre are: + 1% in 2015 and + 1.5% in 2016 against + 0.8% and + 1.4% estimated in June. For this year it is a result above the estimates of the government, which is preparing to change from + 0.7% to + 0.9% of the figure given in the Def. “In two years – it is underlined in ‘Economic scenarios. The challenges of economic policy’ – will create 494mila jobs”. The new forecasts continue to be “prudent in light of the potential effect on the economy of the country of the low levels of interest rates, the euro exchange rate and oil prices and the upturn in world trade in the next year”, he is “pushed one off” and the current situation, warns the CSC, “it suggests that at this time the country most of the reflected light that shines on its own merits.” But “the restart by itself does little,” you have to “turn down other barriers, against which intervention is required and diligent” and the measures that will come with the stability law “can greatly enhance the intensity of the recovery of the Italian economy, which It remains fragile and modest. ” According to CSC, “the first important results achieved by the measures at work are proof that with the right incentives, Italy reacts in the manner and with the intensity expected”.

The leader of industrial, Giorgio Squinzi, has stressed that “the Italian economy is recovering but needs a lot of momentum that can only come from political action ambitious, starting from the law of stability on which we will present our proposals to support growth in a period of long-term “. For the president of Confindustria center the + 2% of GDP next year is possible and indeed the level of growth that the country should aim to really change step.

On this basis, the avenue of Astronomy estimate falling unemployment and job demand in growth: an unemployment rate falling to 12.2% in 2015 (from 12.3% predicted in June) and 11.8% in 2016 (from 12%). Employment will rise by 0.7% in 2015 (+ 0.5% estimates June) and 1% in 2016 (own estimate of June). The number of persons employed in Italy, detects the CSC, “after falling from 864mila units from 2008 to the end of 2013, recorded a recovery in the first quarter 2014 and first quarter 2015 (+ 169mila units) and a strong increase in the second quarter : + 103 thousand in the first. In July, the employed rose again (+ 0.2% over the previous quarter), returning to the levels of late 2012 “.

For the public accounts, the deficit / GDP” down this year to 2.8% of GDP from 3% in 2014 and 2.1% in 2016 “. “The estimated deficit is slightly up compared to the June forecast (2.7% of GDP in 2015 and 2% in 2016)” as a result of “the major outputs as the combined effect of the reduction in interest payments and higher incomes Work related to the stabilization of the staff in the implementation of ‘good school’ ‘and to the downward revision of the growth rate of nominal GDP: + 1.2% this year from 1.4% estimated in June and + 2% in 2016 by + 2.2%. The CSC estimated that the national debt is proving to 133% of GDP in 2015 (from 132.1% in 2014) and to 132.6% in 2016, when it starts to decline.

Arguments:

Economic recovery

GDP

Confindustria

Public Accounts

Employment

work

Starring: