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MessagePosté le: Mar 7 Aoû - 06:54 (2018)    Sujet du message: Johnny Townsend Jersey Répondre en citant

ROME Braden Smith Jersey , Dec. 2 (Xinhua) -- The economic news from Italy has been grim for as long as anyone can remember. And there were more frowns this week, though hardly much shock, when Istat, the national statistics agency lowered Italy's accumulated GDP growth so far in 2014 down to -0.4 percent, compared to its previous estimate of -0.3 percent.

Worried policy makers at the European Central Bank, who are struggling to boost growth and fight the menace of deflation, have seen factory activity decline too, in the eurozone's number one and two economies: Germany and France.

But neither country has seen unemployment rise to levels seen in Italy Darius Leonard Jersey , where the jobs market slowed down in October, another 50,000 posts were lost and the national unemployment rate rose to 13.2 percent, the highest figure ever recorded.

Prime Minister Matteo Renzi attempted to put a positive spin on events. "We are concerned about the unemployment rate, but data say the number of the employed is rising. During our time in government, 100,000 jobs have been created. We cannot deny the problems out there, but we shouldn't see the glass as half empty Quenton Nelson Jersey , either."

But what about the apparent contradiction that unemployment is rising while more jobs are being created? This is down to changes in the labor market.

"Labor force participation is increasing," said Francesco Giavazzi, an eminent economist at Milan's Bocconi business school. "More people, for example, it could be women who until now have been housewives, are deciding to enter the labor market. Until they find jobs they are classed as unemployed."

Although, this causes in a rise in the official unemployment figures, it could mean that people feel more optimistic that there are jobs available. But that's not to say the unemployment figures Indianapolis Colts Hats , particularly the rate among the under-30s, are not cause for great concern.

According to Prof Giavazzi, the headline 43.2 percent rate of joblessness among young Italians, should not be compared with the same measure in Germany or France, but with that in Italy 10 or so years ago.

"Then you see that it's doubled. And that is very worrying," he said.

Giuseppe Di Taranto, a professor of economics at Rome's LUISS University, agreed.

"Total unemployment is actually falling slightly Indianapolis Colts T-Shirts ," he said, adding "But the figure has risen to 43.2 percent among those under 30 and this is deeply worrying."

To boost jobs and investment in Italy, the Renzi government is trying to push major labor reforms through parliament, in the form of Jobs Act. And this piece of legislation, which is designed to add new flexibility to labor markets, faces a crucial test this week.

The Act has already cleared the lower chamber of the Italian parliament and this week Renzi hopes it will pass a vote in the upper chamber, the Senate.

The legislation, which will apply to workers hired from 2015 onward Indianapolis Colts Hoodie , significantly lowers for three years the tax and social security burden on employers hiring new personnel. It also brings an hourly minimum wage for workers without collective labor contracts.

More controversially, employers will be able to change employees' duties according the business's emerging requirements. This change has met with strong opposition from unions.

Prof Di Taranto hailed the legislation. "I think Matteo Renzi is doing a great job and this is an important piece of legislation," he said.

Ministers have sought to diffuse a key controversy surrounding another part of the labor reforms, article number 18, which makes it difficult for some businesses to sack workers, by watering it down rather than abolishing it.

However, some of Italy's unions, led by CGIL Customized Colts Jersey , remain fiercely opposed to the legislation.

"But the power of the unions has been reduced," said Prof Giavazzi. "There will be a general strike next week, but my hunch is that it will not be that well attended. People are worried about unemployment and they know that some flexibility is needed in the labor markets."

Even if the proposed reforms are approved by the Senate, it will take ministers another six months to detail the measures and pass them with decrees.

"So you can see it will take time," said Prof Di Taranto, who is critical of the German-led policy of austerity, which he says has depressed growth, increased unemployment Cheap Indianapolis Colts Jerseys , with little or no benefits for the continent.

This point of view was reiterated by Renzi himself, when on Monday he called for the European Union to allow greater Italy flexibility in the application of its budget rules, in defiance of Germany's favored fiscal rigor.

"Either the EU changes direction, or we risk becoming a global Cinderella," Renzi told the Senate. "The world is growing, albeit more slowly, but Europe is in a period of effective stagnation, with growth almost halted."

The markets are now waiting to see if negative growth in Italy is confirmed for the current quarter Le'Raven Clark Colts Jersey , which would make it an unprecedented 13 consecutive quarters of zero or contraction. Italian real GDP is now 5 percent below the level recorded in half way through 2011.

Despite all the bad news, Di Taranto said he was "still optimistic looking ahead."

But he added: "Italy is still in for a few difficult years."

As is Matteo Renzi, if the polls are correct. A new Ipsos survey for Corriere della Sera, suggests that trust in the Italian prime minister has fallen below 50 percent for the first time since he took office. He will be hoping that the Jobs Act lives up to its name before Italy goes to the polls again in 2018.

SAO TOME, Jan. 17 (Xinhua) -- Chinese Foreign Minister Wang Yi here on Tuesday called on African countries not to miss China-Africa cooperation opportunities.

At a press conference in Sao Tome and Principe, Wang said he hoped Sino-African cooperation will not omit any African country.

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