## Italy: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Italy

_IMF Staff Country Reports, July 27, 2017_

## Source details

**Canonical URL:** [Italy: 2017 Article IV Consultation—Press Release; Staff Report; and Statement by the Executive Director for Italy](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)

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## Bibliographic details
- Published: July 27, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484312551.002

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### Overview
- 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.

### Economic performance and projections
- Growth in 2016: 0.9 percent.
- Continued expansion in the first quarter of 2017.
- Growth projections:
  - About 1.3 percent in 2017.
  - About 1 percent in 2018–20.
- 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.

### Financial sector and labor market findings
- 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).

### Thematic coverage (areas emphasized in the consultation)
- Banking; Financial institutions; Nonperforming loans
- Fiscal policy; Fiscal stance; Public debt
- National accounts; Income; Wages; Labor

### Publication metadata (selected)
- 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

*International Monetary Fund. "Italy: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy", July 27, 2017.*

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## Content in this bundle

- **Country Report**
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_Source: 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_