OECD sees Italy's GDP up 1% in 2016 (2)

(ANSA) - Paris, June 1 - The OECD said in its global economic outlook on Wednesday that it expects Italy's gross domestic product (GDP) to rise 1% this year and 1.4% in 2017, standing by the forecasts it made in February. "Private consumption continues to be the main driver of the recovery," the report said. "Employment growth has temporarily slowed but real income gains and pent-up demand are supporting household spending.
    "Investment is turning around, providing some support to domestic demand, but constraints on the availability of bank credit still impede a faster investment recovery".