Italy Confronts Economic and Environmental Challenges
-
Italy faces economic challenges like high debt, low employment, and slow GDP growth. Tax and spending reforms are needed to support long-term growth.
-
The OECD recommends shifting taxes from labor to property and consumption, reforming pensions to reduce costs, and improving public services.
-
More needs to be done to boost employment, especially for youth and women, through training and early childhood education.
-
Italy should accelerate emissions reductions through higher fossil fuel taxes and simplifying renewable energy installation.
-
Investing in rail and electric vehicles can help further decarbonize the transport sector.