{
  "title": "Italy: Staff Report for the 2003 Article IV Consultation",
  "publication": "IMF Staff Country Reports, November 13, 2003",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/30/italy-staff-report-for-the-2003-article-iv-consultation-17024",
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  "summary": "Economic activity stagnated in the first half of 2003, but recent indicators point to a gradual recovery. On product markets, there was agreement that progress had been secured over recent years, but also that Italy continued to suffer from insufficient competition in a number of protected sectors.",
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    {
      "heading": "Major findings — economic activity",
      "content": "- Economic activity stagnated in the first half of 2003.\n- Recent indicators point to a gradual recovery."
    },
    {
      "heading": "Major findings — product markets and competition",
      "content": "- Progress had been secured over recent years on product markets.\n- Italy continued to suffer from insufficient competition in a number of protected sectors."
    },
    {
      "heading": "Major findings — banking system",
      "content": "- Consolidation, privatization, and improvements in risk management in recent years have helped the banking system weather the current economic slowdown."
    },
    {
      "heading": "Major findings — telecommunications",
      "content": "- The authority for telecommunications has recently revised downward the price cap in the retail market."
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Employment, Expenditure, Fiscal policy, Fiscal stance, Labor, Public debt, Wages\n- Keywords: authority, banking system, core inflation rate, CR, Employment, EU commitment, EU Lisbon strategy, EU presidency, EU projection, euro, Europe, Fiscal stance, Global, growth potential, ISCR, rate, Southern Europe, staff, Wages\n\n---\n\n Content in this bundle\n\n- cr03351\n  - cr03351 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr03351 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: November 13, 2003",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451819755.002",
    "Economic activity stagnated in the first half of 2003.",
    "Recent indicators point to a gradual recovery.",
    "Progress had been secured over recent years on product markets.",
    "Italy continued to suffer from insufficient competition in a number of protected sectors.",
    "Consolidation, privatization, and improvements in risk management in recent years have helped the banking system weather the current economic slowdown.",
    "The authority for telecommunications has recently revised downward the price cap in the retail market.",
    "Subject: Employment, Expenditure, Fiscal policy, Fiscal stance, Labor, Public debt, Wages",
    "Keywords: authority, banking system, core inflation rate, CR, Employment, EU commitment, EU Lisbon strategy, EU presidency, EU projection, euro, Europe, Fiscal stance, Global, growth potential, ISCR, rate, Southern Europe, staff, Wages",
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