Italy: Recent Economic Developments and Selected Issues
Summary:
This paper reviews economic developments in Italy during 1995–96. The performance of the Italian economy in 1996 was characterized by a marked decline in inflation and a strengthening of the external position, accompanied however by lackluster growth. The slowdown in economic activity was more pronounced than in most European countries. Unemployment increased, albeit marginally, for the third consecutive year. The paper shows that during Italy’s economic cycle in 1992–96, key macroeconomic variables did not exhibit their typical cyclical pattern. The paper also briefly reviews developments in the public finances.
Series:
Country Report No. 1997/044
Subject:
Banking Commercial banks Exchange rates Financial institutions Foreign exchange Income Labor Labor costs Loans National accounts Real exchange rates
English
Publication Date:
May 30, 1997
ISBN/ISSN:
9781451819700/1934-7685
Stock No:
1ITAEA0011997
Pages:
138
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