Italy: Staff Report for the 2015 Article IV Consultation
IMF Staff Country Reports, July 7, 2015
Source details
- Canonical URL
- Italy: Staff Report for the 2015 Article IV Consultation
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Bibliographic details
- Published: July 7, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513541228.002
Key findings on macroeconomic conditions
- Italy’s economy is "emerging gradually from a prolonged recession."
- Financial market sentiment and confidence indicators "have improved substantially since end-2014."
- Sovereign bond yields "have fallen to precrisis levels" despite recent bouts in volatility, supported by the European Central Bank’s quantitative easing.
- Bank and corporate funding costs "have declined."
- Rising business and consumer confidence "has stemmed the decline in domestic demand."
Growth projection and outlook
- Real GDP projected to expand by 0.7 percent in 2015.
- Recovery drivers identified: domestic demand and net exports.
Coverage and topical focus
- Subjects listed: Banking, Economic sectors, Financial institutions, Financial statements, Labor, Nonperforming loans, Public debt, Public financial management (PFM), Public sector.
- Keywords include: consultation discussion, CR, economy, Europe, Financial statements, Global, government, government reform agenda, IMF staff calculation, insolvency regime, ISCR, market, Nonperforming loans, Public sector, regime, vis nonresident.