## 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](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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## Bibliographic details
- Published: July 7, 2015
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513541228.002

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### 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.

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/italy-staff-report-for-the-2015-article-iv-consultation-43046_