Tuesday, October 27, 2015

SVIMEZ, the south rises again after 7 years. But lower salaries than in the north – The Messenger

After seven long years of crisis, the South also offers a small sign of recovery, the recovery in the wake of the Italian GDP. It ‘as reported by the ratio SVIMEZ the South, which indicates growth still “timid” and low, but still a sign of recovery of the southern economy.

According to forecasts, the GDP tricolor should grow by an average of 0.8% this year, driven mainly by the Centre-North, which will increase the gross domestic product of the 1%, while the South will make sign a modest + 0.1%. As for the rest of the country, growth will be driven by consumption, offering glimmers of recovery (+ 0.1%) was slower than those of the Centre-North (0.9%).

Slow down the fall in investment in the South (-1%), which is in contrast rispetro the Centre-North (+ 1.5%), mainly because of the collapse of public investment (-3%). According to the report SVIMEZ also even 2016 will see lower growth in the South (+ 0.7%) than in the Centre-North (+ 1.5%) and the Italian average (+ 1.3%).

One of the painful notes of the South is the labor market, showing tiny flashes of recovery, after a hemorrhage of places God over half a million by 2008 (around the same time across the country have been burned 811 thousand seats confirming that emiorragia was heaviest in the South). Now it is estimated that 2015 registers the “positive signs”, with the creation of more jobs in the South (+ 120 thousand or 2.1%) than in the North (+60 thousand or 0.4%).

If this is the overall picture, the report at midday confirmation that the crisis has hit hardest on the “NEET” and on women: in 2014, compared with 3.5 million jobs lost in Italy, 2,000,000 were were women and 2 million were living in the south.

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