OECD says Monti reforms will add 4% to Italian GDP in next decade

The economic reforms carried out by Premier Mario Monti's emergency technocrat government will boost Italy's gross domestic product by 4% over the next decade, the OECD said on Monday. "The structural reforms launched by the Monti government will make it possible for Italy to increase GDP by 4% over the next 10 years, an increase of 0.4% a year solely on the basis of the reforms announced so far," said OECD Secretary General Angel Gurria. Monti's government has introduced a series of reforms, including liberalisation in many sectors and labour-market measures that will make it easier for firms to dismiss workers, a move designed to boost productivity and make companies more inclined to hire people.