(ANSA) - New York, July 27 - The International Monetary
Fund said Monday that it will probably take two decades for
Italy to get its unemployment rate down to pre-crisis levels.
"Without a significant acceleration of growth rates, it
will take Spain 10 years and Portugal and Italy almost 20 years
to reduce the unemployment rate to pre-crisis levels," the IMF
said in a report on the eurozone.
Italian unemployment has almost doubled since the start of
the global economic crisis in 2008 and is currently at 12.4%,
having peaked at 13% last year.
The IMF added that Italy should "adopt and implement"
Premier Matteo Renzi's government's planned civil-service
reform, adding that this should feature measures on the
provision of local services, competitions for public contracts
and the management of human resources.
Italy needs 20 yrs to return to pre-crisis jobless-IMF (3)
Fund says govt must adopt and implement civil service reform