Italy: 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; Staff Statement; Statement by the Executive Director for Italy
Electronic Access:
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Summary:
The global crisis had a severe impact on the Italian economy despite elements of strength such as high private savings, low private indebtedness, and a resilient financial system. Executive Directors decided that the public sector wage bill should remain a key element of the consolidation strategy, and close monitoring of subnational public finances should be continued. They commended the authorities for the progress made in structural reforms but stressed that a more ambitious program of reforms needed to be pursued to address Italy’s growth potential.
Series:
Country Report No. 2010/157
Subject:
Banking Credit Expenditure Fiscal consolidation Fiscal policy Labor Money Pension spending Pensions Public debt
English
Publication Date:
June 1, 2010
ISBN/ISSN:
9781455207626/1934-7685
Stock No:
1ITAEA2010001
Pages:
133
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