The strong 6.3% recovery achieved by Italy in 2021, with the exit from the main restrictions linked to the coronavirus, will gradually decrease in 2022 and 2023, with a respective growth of 4.6% and 2.6%
: this is what we read in the OECD Economic Perspectives presented today in Paris.
Globally, GDP will drop to 4.5% in 2022 and 3.2% in 2023. The same trend in the euro area, where GDP will go from 4.3% in 2022 to 2.5% in 2023.
Italy's unemployment rate will drop from 9.6% in 2021, to 8.9% in 2022 to 8.4% in 2023. A decline in Italian debt is also expected, which will fall from 154.6% of GDP in 2021 to 150.4% in 2022 to 148.6% in 2023.
The implementation of structural reforms to digitize and simplify justice, increase competition, especially in services, and improve the effectiveness of the public administration "remains crucial" for Italy, together with the tax reform to reduce the wedge and complexity of taxes on labor: this is what we read in the paper consecrated to Italy of the OECD Economic Perspectives, presented today in Paris.
