Italy : 2005 Article IV Consultation—Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Italy

Author/Editor:

International Monetary Fund

Publication Date:

February 16, 2006

Electronic Access:

Free Full Text (PDF file size is 356 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2005 Article IV Consultation highlights that despite the better cyclical outlook, medium-term trends for Italy remain troubling: potential growth is estimated at just 1¼ percent, as low productivity growth and high domestic costs have led to a steady erosion of competitiveness and export market share. The 2005 fiscal deficit target of 4.3 percent of GDP is estimated to have been met, thanks in part to measures introduced by the authorities. For 2006, the authorities have committed to a deficit target of 3.5 percent of GDP.

Series:

Country Report No. 06/60

Subject:

English

Publication Date:

February 16, 2006

ISBN/ISSN:

9781451819892/1934-7685

Stock No:

1ITAEA2006002

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

56

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