Republic of San Marino : Staff Report for the 2012 Article IV Consultation

Author/Editor:

International Monetary Fund

Publication Date:

May 8, 2012

Electronic Access:

Free Full Text (PDF file size is 1307 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2012 Article IV Consultation highlights that rising unemployment, stagnant wage growth, and lower confidence have all contributed to falling private consumption and low inflation in San Marino. Financial sector balance sheets have continued to compress on the back of steady outflows of deposits. Directors have welcomed the measures taken to contain the 2012 budget deficit but called for a comprehensive medium-term consolidation plan, given growing fiscal risks. Directors have also stressed the need for a deficit-financing plan, which could involve issuing debt instruments on capital markets.

Series:

Country Report No. 12/108

Subject:

English

Publication Date:

May 8, 2012

ISBN/ISSN:

9781475503418/1934-7685

Stock No:

1SMREA2012001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

57

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