Italy: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy

August 1, 2022

Summary

GDP has fully recovered from the pandemic crisis, but government debt has risen to very high levels. The war in Ukraine triggered a surge in energy prices and the prospect of monetary policy tightening caused government bond yields to rise sharply. Implementation of the National Recovery and Resilience Plan (NRRP), which provides large EU grants and loans conditioned on implementing a comprehensive reform and investment program, is underway.

Subject: Energy prices, Financial institutions, Fiscal policy, Fiscal stance, Inflation, International organization, Loans, Monetary policy, Prices, Public debt

Keywords: Energy prices, financial asset, Fiscal stance, Global, Inflation, liability positions vis-à-vis nonresident, Loans, money market rate, price signal, public finance

Pages:
103
Volume:
2022
DOI:
https://doi.org/10.5089/9798400217708.002
Issue:
255
Series:
Country Report No. 2022/255
Stock No:
1ITAEA2022001
ISBN:
9798400217708
ISSN:
1934-7685

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