OECD Economic Surveys.

Table of contents
 Basic statistics of Italy, 2013
 Executive summary
 Main findings
 Ambitious institutional reforms are under way
 Figure. Reforms underway can boost average annual per capita GDP growth by 0.6% over 10 years
 Labour market reforms and improved competition to boost productivity growth
 A small fiscal surplus, combined with renewed growth, will bring down public debt
 Key recommendations
 Fully implement the institutional reforms
 Give full priority to labour-market reforms to boost productivity growth and jobs
 Fiscal and financial challenges
 Assessment and recommendations. Figure 1. Lack of growth is linked to low scores on well-beingFigure 2. Low productivity has led to poor competitiveness, high unemployment and rising debt
 Table 1. Reform impacts on the level of GDP in the medium and long runs
 A prolonged recession and uncertain prospects
 Table 2. The Economic Outlook to 2016
 Figure 3. Recession has widened the regional divide
 Figure 4. Bank lending has been declining, while interest rates remain high for private borrowers
 Box 1. Recent government measures to increase \"Finance for Growth.\" Institutional reforms can be the basis for better policymaking and stronger implementationMonitoring and ongoing policy assessment is important
 Table 3. Progress on structural reforms
 A more efficient judicial system and efforts to tackle corruption
 Recommendations to boost efficiency through institutional reform
 Labour market and competition reforms to improve productivity and well-being
 Protecting individuals rather than specific jobs
 Table 4. Recent reforms easing regulation on labour market contracts in selected countries
 Increasing job-matching efficiency and workers\' skills. Figure 5. ALMP spending is relatively low and concentrated on some categoriesProviding adequate labour incentives and targeted social benefits
 More flexible wage setting
 Figure 6. The tax wedge for low-income workers is high
 Encouraging participation
 Liberalising services and improving competition
 Figure 7. Low gas prices, high electricity prices
 Figure 8. Carbon intensity index of the energy mix
 Policy recommendations for the labour market and competition
 Addressing fiscal and financial challenges
 Figure 9. The underlying primary budget surplus is now large. Table 5. Fiscal consolidation in successive budgetsFigure 10. Debt will decline if the budget remains balanced
 Table 6. Public debt, arrears and contingent liabilities, 2013
 Improving the efficiency of public spending
 Tax expenditures
 Figure 11. VAT Gap estimates in the EU26 countries, 2012
 The Internal Stability Pact
 Recommendations for fiscal and financial policies
 References
 Annex. Taking stock of structural reforms
 Public sector efficiency
 Product markets
 Education
 Labour market
 Boosting innovation
 Environment
 Thematic chapters.