Italy: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Italy
IMF Staff Country Reports, July 27, 2017
Source details
- Canonical URL
- Italy: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Italy
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Bibliographic details
- Published: July 27, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484312551.002
Overview
- The Italian economy is in the third year of a moderate recovery.
- Growth drivers cited: exceptionally accommodative monetary policy, fiscal easing, low commodity prices, and the government’s reform efforts.
- Unemployment and nonperforming loans have declined somewhat from their crisis-driven peaks.
Economic performance and projections
- Growth in 2016: 0.9 percent.
- Continued expansion in the first quarter of 2017.
- Growth projections:
- About 1.3 percent in 2017.
- About 1 percent in 2018–20.
- Projection context: favorable tailwinds are expected to become less supportive over time.
- Near-term upside risk: growth could surprise on the upside, including from a stronger European recovery.
Financial sector and labor market findings
- Nonperforming loans: have declined somewhat from crisis-driven peaks (no further numeric detail provided in source).
- Unemployment: has declined somewhat from crisis-driven peaks (no further numeric detail provided in source).
Thematic coverage (areas emphasized in the consultation)
- Banking; Financial institutions; Nonperforming loans
- Fiscal policy; Fiscal stance; Public debt
- National accounts; Income; Wages; Labor
Publication metadata (selected)
- Pages: 68
- Volume: 2017
- Issue: 237
- Series: Country Report No. 2017/237
- DOI: https://doi.org/10.5089/9781484312551.002
- ISBN: 9781484312551
- ISSN: 1934-7685
International Monetary Fund. "Italy: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy", July 27, 2017.
Content in this bundle
- Country Report