IMF Staff Country Reports

Italy: Staff Report for the 2003 Article IV Consultation

Publication Date:

November 13, 2003

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Economic activity stagnated in the first half of 2003, but recent indicators point to a gradual recovery. On product markets, there was agreement that progress had been secured over recent years, but also that Italy continued to suffer from insufficient competition in a number of protected sectors. Consolidation, privatization, and improvements in risk management in recent years have helped the banking system weather the current economic slowdown. The authority for telecommunications has recently revised downward the price cap in the retail market.

Series:

Country Report No. 2003/351

Subject:

Employment Expenditure Fiscal policy Fiscal stance Labor Public debt Wages