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whitening of the economy

Italian translation: emersione del sommerso

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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:whitening of the economy
Italian translation:emersione del sommerso
Entered by: Giuli
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21:08 Mar 16, 2008
English to Italian translations [PRO]
Bus/Financial - Business/Commerce (general) / relazione Ungheria
English term or phrase: whitening of the economy
While economic growth has been suffering from cutbacks in government expenditure, the stabilization package's achievements have at long last become visible in the shrinking budget deficit. According to ESA 95 figures, the public sector deficit is likely to close at around 5.5–5.7 % of gross domestic product in 2007, considerably lower than the original target of 6.8 % (and 9.2 % in 2006). The main factors behind the budget improvement were the absence of one-off debt assumption in 2006, lower interest charges, higher revenues from taxes as a result of more efficient tax collection and whitening of the economy. The cash-flow-based gap, excluding local governments, came in at 5.0 % of GDP. Recognizing the efforts the Hungarian government has made in order to stabilize public finance, XXX revised its outlook for Hungary upward from "negative" to "stable" on 5 November 2007.
Giuli
Local time: 12:50
emersione del sommerso
Explanation:
http://www.businesshungary.com/2005_januar/01_review.html
"The price cuts are likely to result in a "whitening" of the economy, namely a rise in legal sales which generates additional tax revenue,"...

in altre parole, uno "sbiancamento" dell'economia inteso come una riduzione del volume delle transazioni effettuate in nero.
Selected response from:

Adele Oliveri
Italy
Local time: 12:50
Grading comment
Grazie!
4 KudoZ points were awarded for this answer

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Summary of answers provided
3 +5emersione del sommerso
Adele Oliveri


  

Answers


11 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5 peer agreement (net): +5
emersione del sommerso


Explanation:
http://www.businesshungary.com/2005_januar/01_review.html
"The price cuts are likely to result in a "whitening" of the economy, namely a rise in legal sales which generates additional tax revenue,"...

in altre parole, uno "sbiancamento" dell'economia inteso come una riduzione del volume delle transazioni effettuate in nero.

Adele Oliveri
Italy
Local time: 12:50
Specializes in field
Native speaker of: Native in ItalianItalian
PRO pts in category: 419
Grading comment
Grazie!

Peer comments on this answer (and responses from the answerer)
agree  Maria Rosa Fontana: :-)
53 mins
  -> :-)))

agree  Paola_P
1 hr
  -> grazie Paola :-)

agree  Oscar Romagnone
2 hrs
  -> grazie Oscar :-)

agree  Patrizia Detassis: bella assai! a me veniva sbiancamento e basta LOL!
22 hrs
  -> figurati che all'inizio avevo pensato a "impallidire"... ma poi un'economia che impallidisce proprio non mi tornava ;-) grazie!!

agree  Piero Intonti
1 day20 hrs
  -> grazie Piero :-)
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