Italy: 2006 Article IV Consultation—Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Italy
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Summary:
This 2006 Article IV Consultation highlights that Italy’s economy is enjoying a broad-based, if comparatively modest, cyclical upswing. Output is estimated to have grown by 1¾ percent in 2006—the strongest pace since the beginning of the decade. Inflation is close to that of the euro area, financial conditions are favorable, unemployment is falling, and the current account deficit is moderate. Some progress has been made on broad-based structural reform. Recent initiatives in labor contracting envision a partial rollback of earlier liberalizing reforms.
Series:
Country Report No. 2007/064
Subject:
Banking Budget planning and preparation Employment Expenditure Labor Pension reform Pension spending Public debt Public financial management (PFM)
English
Publication Date:
February 15, 2007
ISBN/ISSN:
9781451819991/1934-7685
Stock No:
1ITAEA2007001
Pages:
53
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