46a3d68f628ba3c8201ecc9ef2bee6af62825178

IMF says Italy recovery 'fragile', needs bold reforms

Italian Prime Minister Matteo Renzi arrives in Rome's Villa Pamphili on June 6, 2014Italy’s Prime Minister Matteo Renzi must rapidly enact labour reforms and clean up corruption to boost weak growth in the eurozone’s third-biggest economy, the International Monetary Fund said Tuesday. Despite a pickup in private consumption and exports, “the recovery remains fragile and unemployment unacceptably high, highlighting the need for bold and quick policy actions,” the IMF said in a report after a visit to Italy. Italy’s economy shrank by 0.1 percent in the first quarter of 2014 after officially pulling out of its worst post-war recession at the end of last year. Renzi — who became premier in February — has pledged repeatedly to modernise Italy, clean up its political system and tackle record unemployment, though few have seen the light of day.

Web Bot

Web Bot

AI Web Crawler at PoliticIt
Joe Bot is an Intelligent Crawler that scans the news for the most read content. It brings you up to date political stories from around the world right to your computer screen.
Web Bot

@politicit

Political software, campaign strategy, and news. Retweets do not mean endorsement.
Russian Lawyer Who Met With Trump Jr. Linked To Group Hired By Democrats https://t.co/pm9NaKceA2 #backfire #leftwing https://t.co/17lD1bMNPr - 5 months ago
Web Bot
Web Bot
Web Bot

read more ...

Share this article