Mercoledì, 19 Settembre 2018
ROME

IMF calls Italy's youth unemployment levels 'unacceptable'

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Rome, July 4 - The International Monetary Fund
(IMF) said Italy's unemployment levels for workers under the age
of 25, which currently hold at almost 40% compared with a
European Union average of 23.5%, are "unacceptable", according
to delegates at the Italian economy ministry on Thursday.
The IMF urged Italy to move towards a single, more flexible
contract for the entry of new workers, calling for it to
gradually increase job security proportionately to age,
according to a new report.
This contractual method could have the effect of reducing
the cost of new hires and offering support to a traineeship
program, the report said.
The IMF also slashed its forecasts for the eurozone's
third-largest economy to a 1.8% contraction in gross domestic
product this year from a previous 1.3% drop.
At the same time, it raised its estimates for next year to
a 0.7% increase in GDP from a previously expected 0.5% gain.

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