The Italian economic recovery is under way with growth of 1 percent expected in 2014, but the job market will take a while to recover fully, the country’s finance minister told CNBC.
“Italy is coming out of a severe recession and that’s created problems particularly for the young people that are unemployed and that will take a while before the recovery has a positive impact on the job market,” Fabrizio Saccomanni said at the World Economic Forum in Davos, Switzerland.
Towards the end of last year, youth unemployment in Italy hit its highest level on record at 41.6 percent.
via Alfonso Esparza
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