FMI:Encouraging acceleration in the sale of Npl in Italy

The recent acceleration in sales of Npl (Non-performing loans) in Italy is “encouraging”. Now Italy has to take advantage of the recovery that has occurred at European level to reduce the debt. In the Regional Economic Outlook for Europe, released today, the International Monetary Fund confirms the recovery of the Italian economy: this year the GDP will record a +1.5 per cent. The estimate: unemployment fell by 11.4% in 2017 Gross Domestic Product – adds the IMF – will grow by 1.1% in 2018 and by 0.9% in 2019. Reinvigorate the unemployment forecasts set out in the October World Economic Outlook, which will fall to 11.4% this year is expected to rise to 133%, down 131.4% in 2018 and 128.8% in 2019. The deficit is estimated at 2.2% in 2017, to to fall to 1.3% in 2018 and to 0.3% in 2019. The EU recovery is an opportunity for Italy to reduce its debt In general, the IMF reports that the European economic recovery accelerates and the advanced economies of the Old Continent with a high public debt should take advantage of this positive momentum to reduce it without jeopardizing growth. The report refers to the cases of Belgium, France, Italy, Portugal, Spain and the United Kingdom. Strengthen anti-corruption efforts Among the weak points, according to the Fund there is the fight against corruption. It is important, says the report, “to strengthen anti-corruption efforts in Bulgaria, Greece, Hungary, Italy, Romania and Ukraine.”

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