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
IMF Staff Country Reports, February 6, 2009
Source details
- Canonical URL
- 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
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Bibliographic details
- Published: February 6, 2009
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451820027.002
Economic outlook and projections
- Output has been projected to contract by about ½ percent in 2008.
- Output has been projected to contract by 1 percent in 2009.
- Risks are tilted to the downside, linked to a further slowing of global growth and falling consumer confidence.
Constraints on recovery
- 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,
- weakness of the public finances.
Areas of focus (themes addressed)
- Banking
- Competition
- Credit
- Exports
- Financial markets
- Fiscal policy
- Fiscal stance
- International trade
- Money
- Public debt
Keywords and analytical elements referenced
- 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
International Monetary Fund. "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.
Content in this bundle
- Financial Indicators