Italy : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

July 27, 2017

Electronic Access:

Free Full Text (PDF file size is 1921 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

The economy continues to recover, unemployment and nonperforming loans have declined somewhat from their crisis peaks, and public debt appears to be stabilizing. Growth remains moderate, however, despite exceptional monetary accommodation and fiscal easing, and Italy continues to underperform its euro area peers, owing to persistent structural weaknesses, imbalances, and financial fragilities. Thin policy buffers leave the economy exposed, including to the start of withdrawal of monetary accommodation. Meanwhile, real disposable incomes per capita have fallen below pre-euro accession levels and the distribution of the burden of adjustment has been uneven, potentially contributing to public discontent.

Series:

Country Report No. 17/237

English

Publication Date:

July 27, 2017

ISBN/ISSN:

9781484312551/1934-7685

Stock No:

1ITAEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

68

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