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Italy's economy to grow again in 2013: Monti

(Xinhua)

14:49, April 19, 2012

ROME, April 18 (Xinhua) -- Italian Prime Minister Mario Monti said Wednesday the country's economy contract by 1.2 percent this year before returning to modest growth in 2013.

"Stimulating growth within a model of public-finance stability is the path for building a modern social market economy," said Monti at a press conference.

According to ANSA news agency, Italy's economy is projected to grow by 0.9 percent in 2015, and 2.4 percent in 2020, thanks to the emergency government's structural reforms.

Monti's projection is part of the National Reform Plan which aims to promote sustainable growth in Italy in order to pull the country out of recession.

But contrary to the government report, the International Monetary Fund reported Tuesday that the Italian economy would shrink by 0.3 percent in 2013.

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