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

International Monetary Fund

No 2009/045, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: ISCR; CR; potential GDP; debt ratio; saving investment balance; Italy; exchange rate; IMF staff calculation; IMF staff estimate; consultation discussion; world market shares; Fiscal stance; Competition; Credit; Exports; Global; Central and Eastern Europe (search for similar items in EconPapers)
Pages: 93
Date: 2009-02-06
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