Italy: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Italy

February 6, 2009

Preview Citation

Format: Chicago

Italy: 2008 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Italy, (USA: International Monetary Fund, 2009) accessed December 22, 2024

Summary

Italy’s 2008 Article IV Consultation describes the country's economic developments and policies. Output has been projected to contract by about ½ percent in 2008 and 1 percent in 2009, with risks tilted to the downside, linked to a further slowing of global growth and falling consumer confidence. The economy’s ability to rebound quickly is hampered by rigidities in the product and labor markets, a lack of domestic competition, a likely slower pace of industrial restructuring, and weakness of the public finances.

Subject: Banking, Competition, Credit, Exports, Financial markets, Fiscal policy, Fiscal stance, International trade, Money, Public debt

Keywords: Central and Eastern Europe, Competition, Consultation discussion, CR, Credit, Debt ratio, Exchange rate, Exports, Fiscal stance, Global, IMF staff calculation, IMF staff estimate, ISCR, Italy, Potential GDP, Saving investment balance, World market shares

Publication Details

Pages:

93
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/045
Stock No:

1ITAEA2009001
ISBN:

9781451820027
ISSN:

1934-7685

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