The International Monetary
Fund said Wednesday that Italian GDP will rise 0.6% this year
and 0.9% next.
There is a risk that the government's new basic income for
the poor and job seekers will be a "disincentive" to working,
the IMF said.
The government's quota 100 pension reform risks hiking
pension costs, the IMF said.
Italian government policy risks leaving Italy "vulnerable to
a fresh loss of market confidence even in the absence of further
shocks," the IMF said.
Italy poses a possible significant global risk in the event
of acute stress which "could push global markets into unexplored
territory", the IMF said.
The IMF called for reforms to boost potential Italian growth.
Emigration from Italy is close to a 50-year high, the IMF
said.
Deputy Premier Luigi Di Maio said the IMF had "starved
peoples for decades" and did not have the credibility to
criticise the government's new basic income for the poor and job
seekers.
"We have already given the lie to many rumours in just seven
months (of government) and in the course of 2019 we will give
the lie to the IMF too," said Di Maio, who is also labour and
industry minister.
"Those who have starved people for decades, backing austerity
policies that have not reduced debt but have only accentuated
gaps, do not have the credibility to criticise a measure like
the basic income, a expansive economic policy of social equity
and an incentive to work".
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