Italy: 2013 Article IV Consultation

International Monetary Fund

No 2013/298, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2013 Article IV Consultation highlights Italy’s assesses measures undertaken to revive economic growth. Italy is vulnerable to a renewal of euro area tension and risks from domestic policy slippages, stalling of structural reforms, and banking distress that could undermine confidence. The government has taken steps to liberalize services, open the energy sector, and improve the labor market, but more is needed to boost productivity and raise Italy’s low employment rate. The IMF report shows that banks have improved their capital positions, but continue to suffer from weak asset quality and profitability.

Keywords: ISCR; CR; holding; liability positions vis; Italy; measure; coverage ratio; consultation discussion; vis nonresident; a number of measure; Fiscal stance; Nonperforming loans; Loans; Distressed assets; Global; Europe (search for similar items in EconPapers)
Pages: 67
Date: 2013-09-27
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