IMF Staff Country Reports

Italy: Staff Report for the 2012 Article IV Consultation

Publication Date:

July 10, 2012

Electronic Access:

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Summary:

This 2012 Article IV Consultation focuses on Italy’s economy, which is expected to continue contracting through the year owing to tight financial conditions, global slowdown, and the needed fiscal consolidation. The government has embarked on wide-ranging structural reforms to boost productivity and potential growth. Executive Directors have commended the Italian authorities for launching an ambitious policy agenda to secure fiscal sustainability and promote growth. Directors have also acknowledged the important steps taken toward deregulating the service sector and making the labor market more flexible and inclusive.

Series:

Country Report No. 2012/167

Subject:

Banking Expenditure Financial institutions Fiscal consolidation Fiscal policy Fiscal stance Loans Public debt Sovereign bonds