Skills A very important reason for Italy’s firms being at a disadvantage lies in the mismatch between the demand and supply of qualified employees, and therefore in the relative inability of Italy’s education system to provide students with the necessary skills.
Thus, in the middle of August, the yield on the 10-year U.S. Treasuries declined to around 2.5 percent, probably due to the decrease in the expected economic growth accompanied by lower inflation over the longer term, rather than expectations of a temporary economic slowdown (Chart 3).