{
  "title": "Italy: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Italy",
  "publication": "IMF Staff Country Reports, July 27, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/07/27/italy-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-45139",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2017/07/27/italy-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-45139",
  "overlayPath": "/en/publications/cr/issues/2017/07/27/italy-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-45139/index.md",
  "summary": "This 2017 Article IV Consultation highlights that the Italian economy is in the third year of a moderate recovery. Supported by exceptionally accommodative monetary policy, fiscal easing, low commodity prices, and the government’s reform efforts, the economy grew by 0.",
  "publishDate": "2017-07-27",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Overview",
      "content": "- The Italian economy is in the third year of a moderate recovery.\n- Growth drivers cited: exceptionally accommodative monetary policy, fiscal easing, low commodity prices, and the government’s reform efforts.\n- Unemployment and nonperforming loans have declined somewhat from their crisis-driven peaks."
    },
    {
      "heading": "Economic performance and projections",
      "content": "- Growth in 2016: 0.9 percent.\n- Continued expansion in the first quarter of 2017.\n- Growth projections:\n  - About 1.3 percent in 2017.\n  - About 1 percent in 2018–20.\n- Projection context: favorable tailwinds are expected to become less supportive over time.\n- Near-term upside risk: growth could surprise on the upside, including from a stronger European recovery."
    },
    {
      "heading": "Financial sector and labor market findings",
      "content": "- Nonperforming loans: have declined somewhat from crisis-driven peaks (no further numeric detail provided in source).\n- Unemployment: has declined somewhat from crisis-driven peaks (no further numeric detail provided in source)."
    },
    {
      "heading": "Thematic coverage (areas emphasized in the consultation)",
      "content": "- Banking; Financial institutions; Nonperforming loans\n- Fiscal policy; Fiscal stance; Public debt\n- National accounts; Income; Wages; Labor"
    },
    {
      "heading": "Publication metadata (selected)",
      "content": "- Pages: 68\n- Volume: 2017\n- Issue: 237\n- Series: Country Report No. 2017/237\n- DOI: https://doi.org/10.5089/9781484312551.002\n- ISBN: 9781484312551\n- ISSN: 1934-7685\n\nInternational Monetary Fund. \"Italy: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy\", July 27, 2017.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/07/27/italy-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-45139"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2017/07/27/italy-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-45139/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2017/07/27/italy-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-45139/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2017/07/27/italy-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-45139/bundle-manifest.json)",
    "Published: July 27, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484312551.002",
    "The Italian economy is in the third year of a moderate recovery.",
    "Growth drivers cited: exceptionally accommodative monetary policy, fiscal easing, low commodity prices, and the government’s reform efforts.",
    "Unemployment and nonperforming loans have declined somewhat from their crisis-driven peaks.",
    "Growth in 2016: 0.9 percent.",
    "Continued expansion in the first quarter of 2017.",
    "Growth projections:",
    "Projection context: favorable tailwinds are expected to become less supportive over time.",
    "Near-term upside risk: growth could surprise on the upside, including from a stronger European recovery.",
    "Nonperforming loans: have declined somewhat from crisis-driven peaks (no further numeric detail provided in source).",
    "Unemployment: has declined somewhat from crisis-driven peaks (no further numeric detail provided in source).",
    "Banking; Financial institutions; Nonperforming loans",
    "Fiscal policy; Fiscal stance; Public debt",
    "National accounts; Income; Wages; Labor",
    "Pages: 68",
    "Volume: 2017",
    "Issue: 237",
    "Series: Country Report No. 2017/237",
    "DOI: https://doi.org/10.5089/9781484312551.002",
    "ISBN: 9781484312551",
    "ISSN: 1934-7685",
    "**Country Report**"
  ],
  "related": [
    {
      "title": "Country Report",
      "role": "report",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2017/cr17237.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2017/cr17237.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2017/cr17237.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2017/07/27/italy-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-45139/index.md",
    "json": "/en/publications/cr/issues/2017/07/27/italy-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-45139/index.json",
    "bundleManifest": "/en/publications/cr/issues/2017/07/27/italy-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-executive-45139/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-23T12:47:16.961Z"
}