IMF Staff Country Reports

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 22, 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:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2010/157

  • Stock No:

    1ITAEA2010001

  • ISBN:

    9781455207626

  • ISSN:

    1934-7685