2015: Italy graduated from recession

2015 saw Italian economy undergo positive transformation. Its industry experienced healthy growth. Trade recorded surplus. Italy “has officially graduated from recession”. On global scale, the aforesaid reform and feats have received numerous positive opinions. The achievement of the feats is attributed to effective measures in economic management and governance such as cost cutting, sale of assets, continued tax reform, intensified investment, streamlining of administrative procedures, reform of the labour market, etc. Italy still attaches importance to external economic relations. Its major trading partners are Russia, the US, China, Japan, France, Bulgaria and others. Italy remains among Iran’s top ten leading trading partners. It continues to intensify relations with Latin - America. Italy is the first European country to promote relations with Cuba. Coupled with feats, Italy has encountered no few difficulties. Nevertheless, Italy’s economic outlook for 2016 remains optimistic. The measures introduced in 2015 will be pursued and perfected while Italy will apply new measures. Therefore, it is suffice to say that 2016 will see Italy’s economy experience more healthy growth than 2015.

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