Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Italy Must Boost Growth as Population Ages, Visco Says

March 7 (Bloomberg) -- Italy must focus on boosting economic growth to help offset the effects of an aging population, Bank of Italy Governor Ignazio Visco said.

Italy, which has one of the world’s lowest birth rates, is above all “a country of old people,” Visco said at a conference in Rome about women in the economy. “This makes the challenge of economic growth not only difficult, but decisive.”

The country also needs to overhaul its labor laws to encourage hiring, he said. In southern Italy only about one quarter of young people have jobs and there are more than 2 million young people in Italy, mostly women, who don’t work or study, Visco said.

To contact the reporter on this story: Jeffrey Donovan in Prague at jdonovan26@bloomberg.net

To contact the editor responsible for this story: Andrew Davis at abdavis@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.