Italy: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy

July 11, 2016

Preview Citation

Format: Chicago

Italy: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy, (USA: International Monetary Fund, 2016) accessed December 22, 2024

Summary

This 2016 Article IV Consultation highlights that the Italian economy is recovering gradually from a deep and protracted recession. Buoyed by exceptionally accommodative monetary policy, favorable commodity prices, supportive fiscal policy, and improved confidence on the back of the authorities’ wide-ranging reform efforts, the economy grew by 0.8 percent in 2015 and continued to expand in the first quarter of 2016. Labor market conditions have been improving gradually, and nonperforming loans appear to be stabilizing at about 18 percent of total loans. Growth is projected to remain just under 1 percent in 2016 and at about 1 percent in 2017.

Subject: Banking, Distressed assets, Financial institutions, Fiscal policy, Fiscal stance, Labor, Labor markets, Loans, Nonperforming loans

Keywords: Accommodative monetary policy, Consultation discussion, CR, Europe, Financial asset, Fiscal stance, Global, IMF staff calculation, ISCR, Italy, Labor markets, Loans, Market, Market participant, Method, Monetary policy, Nonperforming loans, Regression method, Vis nonresident

Publication Details

Pages:

83
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/222
Stock No:

1ITAEA2016003
ISBN:

9781498354936
ISSN:

1934-7685

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