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2011 OECD Economic Surveys: Italy 2011

image of OECD Economic Surveys: Italy 2011

OECD's periodic economic survey of the Italian economy.  This 2011 edition features chapters covering strengthening the economic recovery and fiscal sustainability, the contribution of universities to economic growth, and getting environmental policy prices and governance right.

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Executive Summary

Italy’s economy has passed the deep recession triggered by the global crisis and seems set for a gradual recovery. The strength of this recovery is uncertain: it would be wise to plan for no more than the rather sluggish growth seen in the decade prior to the crisis. Hence, the priority remains structural reforms to increase growth potential, while maintaining a stable fiscal framework oriented towards consolidation, as appropriately pursued during the crisis. Such a policy can sustain confidence in Italian public finances in the face of the large stock of government debt, in turn helping to support the financial system whose health is crucial for the recovery.

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