Italy: 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; Staff Statement; Statement by the Executive Director for Italy

June 1, 2010

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Italy: 2010 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; Staff Statement; Statement by the Executive Director for Italy, (USA: International Monetary Fund, 2010) accessed November 12, 2024

Summary

The global crisis had a severe impact on the Italian economy despite elements of strength such as high private savings, low private indebtedness, and a resilient financial system. Executive Directors decided that the public sector wage bill should remain a key element of the consolidation strategy, and close monitoring of subnational public finances should be continued. They commended the authorities for the progress made in structural reforms but stressed that a more ambitious program of reforms needed to be pursued to address Italy’s growth potential.

Subject: Banking, Credit, Expenditure, Fiscal consolidation, Fiscal policy, Labor, Money, Pension spending, Pensions, Public debt

Keywords: Bank, CR, Credit, Crisis, Emergency government intervention, Europe, Fiscal consolidation, Global, ISCR, Italy, Labor market, Market turbulance, Pension spending, Pensions, Staff appraisal, Staff projection, Year government bond

Publication Details

Pages:

133
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/157
Stock No:

1ITAEA2010001
ISBN:

9781455207626
ISSN:

1934-7685

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