Francesco Daveri, head of the Full-Time MBA at SDA Bocconi School of Management and a former World Bank and European Commission consultant, agreed: "This far out, the difference between 0.4 percent and 0.6 percent is not significant," he said, referring to the commission's estimate and the Bank of Italy's estimate, respectively.
Last month, Minister of Economy and Finances Roberto Gualtieri said Italy would work to reduce its level of debt going forward but that it would do so "gradually."
Speaking in an interview with Xinhua, Daveri said the government has done what it can to help spark growth next year, most notably postponing the planned increase to the country's value-added sales tax that had been scheduled for a two-percentage-point increase on Jan. 1, 2020.
"Avoiding an increase" in the value-added sales tax "is a key move," Daveri said, noting that such an increase would have been a significant drag on economic growth next year.
But Daveri, Noriega, and other analysts agreed that economic reforms will be necessary before the country can hope to grow at a faster clip.
"The country is in serious need of major structural reforms while increasing spending on research and development, industrial production, debt reduction, and innovation," Noriega said. "But for now, I think Italy will be happy to restart growth next year and lay a groundwork for reforms after that."
【国际英语资讯:News Analysis: Brussels lowers growth prediction for Italy, but outlook seen as mostly uncha】相关文章:
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