Italy should boost spending and cooperation at national and regional levels as part of broader efforts to help more people into work and reduce the country’s high unemployment rate, according to a new OECD report.
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The tax wedge for the average single worker in Italy increased by 0.2 percentage points from 47.7 in 2017 to 47.9 in 2018. The OECD average tax wedge in 2018 was 36.1 (2017, 36.2).
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This country fact-sheet presents key figures from "Under Pressure: The Squeezed Middle Class". This report analyses the trends of middle-income households in areas such as employment, consumption, wealth and debt, as well as perceptions and social attitudes. It also includes recommendations for protecting middle-class living standards and financial security in the face of economic challenges.
In recent years, Italy has experienced a modest economic recovery resulting in an average growth of 1.1% between 2015 and 2018. Following important labour market reforms, it has also experienced a significant rise in the employment rate, by 3 percentage points since 2015. And there have also been other encouraging improvements, such as the shift of Italian export industries to higher value added products.
Today, the global economy is facing serious headwinds. According to our latest Economic Outlook released earlier this month, global growth is projected to further decrease from 3.6% in 2018 to 3.3% in 2019 and to 3.4% in 2020. Trade and investment growth remain sluggish and the large increase in inequality many countries experienced before the crisis persists.
Pour rendre la croissance plus forte, plus inclusive et durable, améliorer les perspectives d'emploi et réduire la dette publique en Italie, les pouvoirs publics doivent mettre en œuvre un programme complet de réformes de grande envergure, tout en préservant les mesures importantes adoptées au cours des dernières années, selon un nouveau rapport de l'OCDE.
Mr. Angel Gurría, Secretary-General of the OECD, will be in Rome on 1-2 April 2019 to present the 2019 OECD Economic Survey of Italy at a Press Conference, alongside Minister Giovanni Tria.
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This country highlight (in Italian) puts the spotlight on lesbian, gay, bisexual and transgender (LGBT) people: their numbers, their economic situation and well-being and policies to improve LGBT inclusivity. It also includes a special chapter on people’s perceptions of social and economic risks and presents a selection of social indicators.