OECD Economic Surveys [electronic resource] : Italy 2011
Publishing, OECD.
Organisation for Economic Co-operation and DevelopmentCorporate Author
Organisation for Economic Co-operation and DevelopmentContributor
 : Organisation for Economic Co-operation and Development,
2011.
Description based upon print version of record.
""Table of contents""; ""Basic statistics of Italy, 2010""; ""Executive summary""; ""Assessment and recommendations""; ""Chapter 1. Strengthening the economic recovery and fiscal sustainability""; ""Figure 1.1. The impact of the global crisis on real GDP in Italy""; ""Figure 1.2. The impact of the global crisis on real GDP in international comparison""; ""Box 1.1. Growth and structural reform in Italy""; ""The economy has been recovering only slowly""; ""Figure 1.3. Investment levels""; ""Capitalisation of banks and lending to firms and households have remained relatively healthy""
""Table 1.1. Summary of OECD projections from April 2011""""Figure 1.4. Real GDP and exports in volume""; ""Figure 1.5. Labour productivity per worker in the six largest G7 countries""; ""The labour market represents one of the key structural challenges""; ""The Cassa Integrazione has supported workersâ€? income and human capital, containing the increase in unemployment""; ""Figure 1.6. Unemployment and the Cassa Integrazione""; ""Industrial wages have responded little to the recession""; ""The Cassa Integrazione wage support schemes should be rolled back""
""Consolidating the public finances is more than ever necessary""""Figure 1.7. General government gross financial liabilities""; ""Figure 1.8. Government net borrowing""; ""Figure 1.9. Fiscal balances in 2009 or latest year available""; ""Government plans project the budget deficit to decline below 3% by 2012""; ""Table 1.2. Government projections of general government expenditures and revenues (% of GDP)""; ""Sovereign risk has risen but changes in market prices of public debt have been contained""; ""Figure 1.10. Long-term interest rates on government bonds""
""Figure 1.11. Credit default swap premium on government bonds""""Figure 1.12. External public debt as a percentage of GDP, 2009""; ""Figure 1.13. Average life of government bonds and government bonds reaching maturity in the next 12 months""; ""Public debt, private debt, and macroeconomic stability""; ""Figure 1.14. Investment and private debt in euro, 2008""; ""Fiscal consolidation must continue for the foreseeable future""; ""The fiscal framework has been strengthened, an independent fiscal council could further improve it""
""Efforts to raise efficiency in the public administration need to continue""""The effects of past pension reforms on older age groups are beginning to come through""; ""Expenditure on public pensions is high in Italy, though its path has stabilised relative to GDP""; ""Figure 1.15. Public pension expenditure in all OECD countries""; ""Figure 1.16. Pension-worker ratio""; ""Figure 1.17. Pension-earnings ratio under current legislation1""; ""Figure 1.18. Pension expenditure-GDP ratio""; ""Successive governments have pushed through ambitious pension reforms""
""Over the next two decades, the main savings come from a higher retirement age""
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