## Italy: Staff Report for the 2012 Article IV Consultation

_IMF Staff Country Reports, July 10, 2012_

## Source details

**Canonical URL:** [Italy: Staff Report for the 2012 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/italy-staff-report-for-the-2012-article-iv-consultation-26053)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/italy-staff-report-for-the-2012-article-iv-consultation-26053/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/italy-staff-report-for-the-2012-article-iv-consultation-26053/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/italy-staff-report-for-the-2012-article-iv-consultation-26053/bundle-manifest.json)

## Bibliographic details
- Published: July 10, 2012
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475506518.002

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### Economic outlook and near-term projection
- 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:
  - tight financial conditions
  - global slowdown
  - needed fiscal consolidation

### Structural reforms and medium-term prospects
- The government has embarked on wide-ranging structural reforms to boost productivity and potential growth.
- Reform focus areas highlighted:
  - deregulating the service sector
  - making the labor market more flexible and inclusive

### Executive Directors’ assessment
- 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:
  - deregulating the service sector
  - making the labor market more flexible and inclusive

### Key subjects and keywords covered
- 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

### Publication and document identifiers
- 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: Staff Report for the 2012 Article IV Consultation — IMF Staff Country Reports (July 10, 2012).*

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## Content in this bundle

- **Italy: 2012 Article IV Consultation; IMF Country Report 12/167; June 21, 2012**
  - [Italy: 2012 Article IV Consultation; IMF Country Report 12/167; June 21, 2012 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12167.pdf.md){rel="alternate" type="text/markdown"}
  - [Italy: 2012 Article IV Consultation; IMF Country Report 12/167; June 21, 2012 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2012/_cr12167.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/italy-staff-report-for-the-2012-article-iv-consultation-26053_