Gdp: the Oecd cut estimates for Italy, +0,8% in 2016 and 2017 – ANSA.it

In Italy, the Gdp will grow by 0.8% in 2016 and 2017. This was stated by the Oecd in its Economic Outlook of September, remodeling, respectively, to the decline of 0.2 and 0.6 points, the estimates with respect to the economic outlook of June. The downward revision of the growth estimates of the Italian is due to the fact that expectations on investment and trade have not been so fruitful as might be expected,” says Catherine Mann, chief economist of the organization, presenting the latest economic outlook in Paris.

In Italy have been made “remarkable progress in the field of employment law. This has had an effect on the recovery of the employment rate, bringing to life a new impetus. The idea was that this momentum would continue in 2016, but our hopes have been disappointed,” adds the chief economist of the Oecd, by stating that this situation is due, among other things, to the lack of “trust” and”political uncertainty” on the results of the upcoming constitutional referendum.

“In the case of Italy we must recognize that there is a wide range of challenges to address,” he said, noting, among other things, that Italy will be one of the Countries most affected by the low growth of the euro area in 2017.

the world’s Gdp revised downwards, to 2.9% in 2016 – The world Gdp will grow 2.9% in 2016 and 3.2% in 2017. This was stated by the Oecd in its Economic Outlook of September, remodeling, respectively, to the decrease of 0.1 percentage points of the estimates with respect to the economic outlook of June. As for the euro area, the expected growth is 1.5% in 2016, and 1.4% in 2017, respectively 0.1 and 0.3 percentage points less compared to earlier estimates of June.

the World held in the trap by a weak growth – “The weak progression of trade and distortions in the financial system are clouding the prospects for global growth”, and that is what one reads in the economic outlook of the Oecd, presented today in Paris. “The global economy continues, the international body – is expected to grow less rapidly than the 2015, only a slight acceleration is expected in 2017″. In his estimates – the document continues: the Oecd launches an”alert on the fact that the world is held in the trap by a weak growth”

In Italy have been made “remarkable progress in the field of employment law. This has had an effect on the recovery of the employment rate, bringing to life a new impetus. The idea was that this momentum would continue in 2016, but our hopes have been dashed”: says Catherine Mann, chief economist of the Oecd, by stating that this situation is due, among other things, to the lack of “trust” and”political uncertainty” on the results of the upcoming constitutional referendum.