Rome

Monti says forecasts conservative, Italy may do better

Premier says country would face zero growth without his reforms

Monti says forecasts conservative, Italy may do better

(see related stories) Rome, April 10 - Outgoing Premier Mario Monti said Wednesday that the forecasts contained in the government's economic blueprint, the DEF, were conservative and that Italy may outperform the estimates. "We count on the country doing even better than the estimates," Monti told a press conference after the cabinet approved the DEF. He said the gross domestic forecasts contained in the DEF were "prudential". He added that, without the reforms his administration has introduced, Italy would be facing "zero growth". Monti's emergency administration of unelected technocrats introduced a series of structural economic reforms, including liberalisations of some sectors of the economy, controversial changes to the labour market and measures to make it easier to set up a new business.

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