Italy: Staff Report for the 2015 Article IV Consultation

July 7, 2015

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Italy: Staff Report for the 2015 Article IV Consultation, (USA: International Monetary Fund, 2015) accessed September 19, 2024

Summary

This 2015 Article IV Consultation highlights that Italy’s economy is emerging gradually from a prolonged recession. Financial market sentiment and confidence indicators have improved substantially since end-2014. Despite the recent bouts in volatility, sovereign bond yields have fallen to precrisis levels buoyed by the European Central Bank’s quantitative easing. Bank and corporate funding costs have declined. Rising business and consumer confidence has stemmed the decline in domestic demand. Against this backdrop, the economy is expected to recover moderately, with real GDP projected to expand by 0.7 percent in 2015, supported by domestic demand and net exports.

Subject: Banking, Economic sectors, Financial institutions, Financial statements, Labor, Nonperforming loans, Public debt, Public financial management (PFM), Public sector

Keywords: Consultation discussion, CR, Economy, Europe, Financial statements, Global, Government, Government reform agenda, IMF staff calculation, Insolvency regime, ISCR, Market, Nonperforming loans, Public sector, Regime, Vis nonresident

Publication Details

Pages:

70
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/166
Stock No:

1ITAEA2015001
ISBN:

9781513541228
ISSN:

1934-7685

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