Lunedì, 24 Settembre 2018
ROME

OECD says Italian economy at 'turning point'

English
© ANSA

Rome, September 4 - The Italian economy appears to
be at ''a turning point'' despite a 1.8% contraction projected
for 2013, OECD Chief Economist Carlo Padoan told radio listeners
on Wednesday.
Padoan told Radio Anch'Io that the squeeze on Italy's gross
domestic product (GDP) is nothing new, whereas looking at
results for the last quarter, the speed with which recovery
appears to be taking shape is gaining momentum.
Padoan said Italy's economy is emerging from crisis, and
is at ''a turning point'', despite the OECD's Tuesday Interim
Assessment which pointed out that Italy is the only one among
the world's seven largest economies - the G7 - to contract this
year.
The OECD also warned that after more than two years
battling sovereign debt crisis, the weary eurozone remains
vulnerable to financial, banking and sovereign debt stresses.

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