Italy is getting older posing
risks for public finances as well as sectors like restaurants
and clothing, Moody's said Thursday.
Italy is the third oldest country in the world with an
average age of 46, the ratings agency said.
This phenomenon will reduce the number of workers, "impacting
public accounts and certain sectors of the economy ranging from
restaurants to clothing", it said.
The government's new 'quota 100' early retirement scheme will
also up the pressure on the public accounts, it said.
"The negative impact of ageing on public finances will rise
over rthe next few decades," Moody's said.
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