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Table of contents; Basic statistics of Italy, 2013; Executive summary; Main findings; Ambitious institutional reforms are under way; Figure. Reforms underway can boost average annual per capita GDP growth by 0.6% over 10 years; Labour market reforms and improved competition to boost productivity gro...

Figure 1. Lack of growth is linked to low scores on well-beingFigure 2. Low productivity has led to poor competitiveness, high unemployment and rising debt; Table 1. Reform impacts on the level of GDP in the medium and long runs; A prolonged recession and uncertain prospects; Table 2. The Economic O...

Institutional reforms can be the basis for better policymaking and stronger implementationMonitoring and ongoing policy assessment is important; Table 3. Progress on structural reforms; A more efficient judicial system and efforts to tackle corruption; Recommendations to boost efficiency through ins...

Figure 5. ALMP spending is relatively low and concentrated on some categoriesProviding adequate labour incentives and targeted social benefits; More flexible wage setting; Figure 6. The tax wedge for low-income workers is high; Encouraging participation; Liberalising services and improving competiti...

Table 5. Fiscal consolidation in successive budgetsFigure 10. Debt will decline if the budget remains balanced; Table 6. Public debt, arrears and contingent liabilities, 2013; Improving the efficiency of public spending; Tax expenditures; Figure 11. VAT Gap estimates in the EU26 countries, 2012; The...

Chapter 1. Labour market reform for more and better quality jobs