{
  "title": "Italy: Staff Report for the 2015 Article IV Consultation",
  "publication": "IMF Staff Country Reports, July 7, 2015",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/italy-staff-report-for-the-2015-article-iv-consultation-43046",
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  "summary": "This 2015 Article IV Consultation highlights that Italy’s economy is emerging gradually from a prolonged recession. Financial market sentiment and confidence indicators have improved substantially since end-2014.",
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    {
      "heading": "Key findings on macroeconomic conditions",
      "content": "- Italy’s economy is \"emerging gradually from a prolonged recession.\"\n- Financial market sentiment and confidence indicators \"have improved substantially since end-2014.\"\n- Sovereign bond yields \"have fallen to precrisis levels\" despite recent bouts in volatility, supported by the European Central Bank’s quantitative easing.\n- Bank and corporate funding costs \"have declined.\"\n- Rising business and consumer confidence \"has stemmed the decline in domestic demand.\""
    },
    {
      "heading": "Growth projection and outlook",
      "content": "- Real GDP projected to expand by 0.7 percent in 2015.\n- Recovery drivers identified: domestic demand and net exports."
    },
    {
      "heading": "Coverage and topical focus",
      "content": "- Subjects listed: Banking, Economic sectors, Financial institutions, Financial statements, Labor, Nonperforming loans, Public debt, Public financial management (PFM), Public sector.\n- 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.\n\n---\n\n Content in this bundle\n\n- cr15166\n  - cr15166 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr15166 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 7, 2015",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513541228.002",
    "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.\"",
    "Real GDP projected to expand by 0.7 percent in 2015.",
    "Recovery drivers identified: domestic demand and net exports.",
    "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.",
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