Industrial employers group
Confindustria on Wednesday lowered its Italian GDP growth
estimate for 2015 to 0.8% from its previous 1% projection in
September.
The group also lowered its 2016 estimate to 1.4% from 1.5%
and estimated growth of 1.3% in 2017.
Confindustria added that if tax evasion in Italy were cut
in half and the proceeds returned to taxpayers through lowered
taxes and recovered resources, the country's GDP would see an
additional 3.1% in growth and more than 335,000 additional jobs.
It said tax evasion in Italy amounted to 122.2 billion
euros in 2015, 7.5% of the country's GDP.
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