The salaries and wealth of
working-age Italian people has dropped below the level of 1995,
before the introduction of the euro, the International Monetary
Fund said Thursday in its Article IV on Italy.
It added that per-capita salary levels will not get back to
pre-crisis levels for a decade.
It said the proportion of Italians at risk of poverty had
climbed to 29%, with a peak of 44% in the south.
Italy is going through its "third year of moderate economic
recovery", the International Monetary Fund said in its Article
IV on the Bel Paese on Thursday.
But the fund also stressed that there are "significant" risks
for the outlook, including "political uncertainty, possible
hurdles to the reform process, financial fragility".
It said that after 0.9% growth in 2016, Italy's GDP was set
to rise 1.3% in 2017 and 1% in 2018.
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