Italy: Staff Report for the 2002 Article IV Consultation

October 25, 2002

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Format: Chicago

Italy: Staff Report for the 2002 Article IV Consultation, (USA: International Monetary Fund, 2002) accessed November 23, 2024

Summary

This 2002 Article IV Consultation highlights that the economic slowdown in Italy in 2001 has been followed by only a modest resumption of growth in the first half of 2002. As weaker external demand spilled over into domestic demand, economic growth stagnated in the last three quarters of 2001. GDP growth turned marginally positive in the first half of 2002, although final domestic demand remained weak, as did industrial production, notwithstanding a rebound in business confidence from its 2001 trough. Equity prices have fallen by more than 20 percent from end-2001 to mid-October 2002.

Subject: Employment, Expenditure, Fiscal consolidation, Fiscal policy, Labor, Labor markets, Public debt

Keywords: CR, Cyclically-adjusted deficit net, Deficit, Employment, Employment growth, Europe, Fiscal consolidation, GDP, GDP relative, Global, Growth projection, Headline deficit figure, IMF staff estimate, ISCR, Italy, Labor markets, Product market reform, Revenue

Publication Details

Pages:

57
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/230
Stock No:

1ITAEA0012002
ISBN:

9781451819748
ISSN:

1934-7685

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