{
  "title": "Italy: Staff Report for the 2012 Article IV Consultation",
  "publication": "IMF Staff Country Reports, July 10, 2012",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/italy-staff-report-for-the-2012-article-iv-consultation-26053",
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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.",
  "sections": [
    {
      "heading": "Economic outlook and near-term projection",
      "content": "- The economy is expected to continue contracting through the year owing to tight financial conditions, global slowdown, and the needed fiscal consolidation.\n- Factors cited as constraining growth:\n  - tight financial conditions\n  - global slowdown\n  - needed fiscal consolidation"
    },
    {
      "heading": "Structural reforms and medium-term prospects",
      "content": "- The government has embarked on wide-ranging structural reforms to boost productivity and potential growth.\n- Reform focus areas highlighted:\n  - deregulating the service sector\n  - making the labor market more flexible and inclusive"
    },
    {
      "heading": "Executive Directors’ assessment",
      "content": "- Executive Directors commended the Italian authorities for launching an ambitious policy agenda to secure fiscal sustainability and promote growth.\n- Directors acknowledged important steps taken toward:\n  - deregulating the service sector\n  - making the labor market more flexible and inclusive"
    },
    {
      "heading": "Key subjects and keywords covered",
      "content": "- Subjects: Banking, Expenditure, Financial institutions, Fiscal consolidation, Fiscal policy, Fiscal stance, Loans, Public debt, Sovereign bonds\n- Keywords: consumer confidence confidence indicator, CR, Europe, financing of company, Fiscal stance, Global, ISCR, justice reform, labor market reform law, Loans, LTRO funding, regime, Sovereign bonds, state support"
    },
    {
      "heading": "Publication and document identifiers",
      "content": "- Pages: 66\n- Volume: 2012\n- DOI: https://doi.org/10.5089/9781475506518.002\n- Issue: 167\n- Series: Country Report No. 2012/167\n- Stock No: 1ITAEA2012001\n- ISBN: 9781475506518\n- ISSN: 1934-7685\n\nItaly: Staff Report for the 2012 Article IV Consultation — IMF Staff Country Reports (July 10, 2012).\n\n---\n\n Content in this bundle\n\n- Italy: 2012 Article IV Consultation; IMF Country Report 12/167; June 21, 2012\n  - Italy: 2012 Article IV Consultation; IMF Country Report 12/167; June 21, 2012 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Italy: 2012 Article IV Consultation; IMF Country Report 12/167; June 21, 2012 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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    "Published: July 10, 2012",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475506518.002",
    "The economy is expected to continue contracting through the year owing to tight financial conditions, global slowdown, and the needed fiscal consolidation.",
    "Factors cited as constraining growth:",
    "The government has embarked on wide-ranging structural reforms to boost productivity and potential growth.",
    "Reform focus areas highlighted:",
    "Executive Directors commended the Italian authorities for launching an ambitious policy agenda to secure fiscal sustainability and promote growth.",
    "Directors acknowledged important steps taken toward:",
    "Subjects: Banking, Expenditure, Financial institutions, Fiscal consolidation, Fiscal policy, Fiscal stance, Loans, Public debt, Sovereign bonds",
    "Keywords: consumer confidence confidence indicator, CR, Europe, financing of company, Fiscal stance, Global, ISCR, justice reform, labor market reform law, Loans, LTRO funding, regime, Sovereign bonds, state support",
    "Pages: 66",
    "Volume: 2012",
    "DOI: https://doi.org/10.5089/9781475506518.002",
    "Issue: 167",
    "Series: Country Report No. 2012/167",
    "Stock No: 1ITAEA2012001",
    "ISBN: 9781475506518",
    "ISSN: 1934-7685",
    "**Italy: 2012 Article IV Consultation; IMF Country Report 12/167; June 21, 2012**"
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