Italy: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy

July 27, 2017

Preview Citation

Format: Chicago

Italy: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy, (USA: International Monetary Fund, 2017) accessed September 18, 2024

Summary

This 2017 Article IV Consultation highlights that the Italian economy is in the third year of a moderate recovery. Supported by exceptionally accommodative monetary policy, fiscal easing, low commodity prices, and the government’s reform efforts, the economy grew by 0.9 percent in 2016 and continued to expand in the first quarter of 2017. Unemployment and nonperforming loans have declined somewhat from their crisis-driven peaks. Growth is projected at about 1.3 percent in 2017 and about 1 percent in 2018–20 as favorable tailwinds become less supportive. Growth could surprise on the upside in the near term, including from a stronger European recovery.

Subject: Banking, Financial institutions, Fiscal policy, Fiscal stance, Income, Labor, National accounts, Nonperforming loans, Public debt, Wages

Keywords: Authority, Bank balance balance sheet, Competition law, Consultation discussion, CR, Economy, Europe, Financial asset, Firm, Fiscal stance, Global, IMF staff calculation, Income, ISCR, Italy, Market participant, Nonperforming loans, Wages

Publication Details

Pages:

68
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/237
Stock No:

1ITAEA2017001
ISBN:

9781484312551
ISSN:

1934-7685

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