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A Low-Growth World Is an Unequal, Unstable World

July 23, 2024
Long periods of slow economic growth can cause a jump in inequality. But a balanced set of policies can stave off that outcome.

Italy: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy

July 23, 2024
Activity expanded by nearly 1 percent in 2023, with GDP surpassing its pre-pandemic level by 4½ percent. Headline inflation fell on the drop in energy prices, with core inflation also moderating. Employment rose alongside real activity. Financial conditions have eased somewhat but remain tight. Despite fiscal deficits much larger than pre-COVID, the public debt ratio declined on deferred recording of tax credits and strong nominal GDP growth. Sovereign debt risks are moderate overall, but high at the medium- and long-horizons. Low fertility and low female labor force participation foreshadow faster population and work force declines amid weak productivity growth.

Italy: Selected Issues

July 23, 2024
Selected Issues

XVIII regional conference on Central America, Panama, and the Dominican Republic

July 22, 2024
As the first in-person conference since the pandemic, this year the discussions will focus on the global and regional outlook, income convergence and structural reform priorities, monetary and exchange rate policy in an uncertain environment, and the road to investment grade. A final session on climate change challenges and opportunities in Latin America and the Caribbean will also be featured.

Charting a New Course for Qatar’s Economic Diversification After the World Cup

July 22, 2024
A shift toward private sector-driven economic diversification requires ambitious reforms.

Financial Stability Implications of Emerging Market Currency Developments

July 22, 2024
Currencies have depreciated to varying degrees in emerging market economies as interest rate differentials with the United States narrowed

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