Overall Score

4.4 in 2015 4.0
0 2.5 5 7.5 10

Key Finding

With the economy growing modestly, wage pressures are starting to appear at the industry level. The expanding economy has enhanced labour market participation and reduced structural unemployment, which will in turn support spending.

BREAKDOWN OF SEVEN INDICATOR SCORES

Scores
0 2.5 5 7.5 10
Education
flexibility
6.2
Labour market
participation
2.8
Labour market
flexibility
6.1
Talent
mismatch
8.2
Overall wage
pressure
4.0
Wage pressure in
high-skill industries
2.2
Wage pressure in
high-skill occupations
1.3

COUNTRY OVERVIEW

View from the ground

Italy has seen unemployment fall slightly over the past year, however, there are still reasons to be cautious about the country’s future prospects. For instance, pressures within the financial sector have resurfaced recently and the country continues to experience weak global demand, these present a risk to Italy’s growth ambitions. With the Job Act’s reform in place the economy is growing and jobs are being created. While at first this seems to be very encouraging news, it is still too early to measure its impact and time will tell whether the Act is a true success or not.

Carlos Soave, Managing Director, Hays Italy

Carlos Soave, Managing Director, Hays Italy

Country Profile

The Italian economy is expanding, supported by industrial production.

Domestic demand, mainly consumption and stock building, is estimated to have driven the economy.

However, net external trade, amid a very sluggish global background, was probably a slight drag on growth.

The recovery in private consumption is expected to proceed at a reasonable pace, helped by some fiscal measures and by the gradual improvement in the labour market.

Carlos Soave, Managing Director, Hays Italy

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