OECD Economic Outlook, Volume 2017 Issue 1
The OECD Economic Outlook is the OECD's twice-yearly analysis of the major economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, prices, fiscal and current account balances.
Coverage is provided for all OECD member countries as well as for selected non-member countries. This issue includes a general assessment, a special chapter on how to make trade work for all and a chapter summarising developments and providing projections for each individual country. A statistical annex is available on the web.
Italy
GDP is projected to grow by 1% in 2017 and 0.8% in 2018. Rising global demand and the recent depreciation of the euro are supporting exports. Business investment is strengthening, but public investment has not yet recovered. Private consumption growth remains robust despite slowing job creation and modest wage gains. Inflationary pressures are subdued because of large spare capacity, although recent energy and food price increases have pushed up consumer prices.
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