Italy : Staff Report for the 2012 Article IV Consultation.

Format:

Book

Government document

Author/Creator:

International Monetary Fund.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2012/167

IMF Staff Country Reports

Language:

English

Subjects (All):

Fiscal policy--Italy.

Fiscal policy.

Expenditures, Public--Italy.

Expenditures, Public.

Physical Description:

1 online resource (69 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2012.

Language Note:

English

Summary:

This 2012 Article IV Consultation focuses on Italy’s economy, which is expected to continue contracting through the year owing to tight financial conditions, global slowdown, and the needed fiscal consolidation. The government has embarked on wide-ranging structural reforms to boost productivity and potential growth. Executive Directors have commended the Italian authorities for launching an ambitious policy agenda to secure fiscal sustainability and promote growth. Directors have also acknowledged the important steps taken toward deregulating the service sector and making the labor market more flexible and inclusive.

Contents:

""Cover""; ""CONTENTS""; ""ITALY AND THE EURO AREA CRISIS""; ""OUTLOOK AND RISKS""; ""A. A Fragile Path to Recovery""; ""B. Closing the Competitiveness Gap over the Medium Term""; ""POLICY CHALLENGES FOR REVIVING GROWTH""; ""A. Structural Reforms to Revive Growth""; ""B. Making Fiscal Consolidation More Growth-Friendly""; ""C. Building a More Dynamic and Resilient Financial System""; ""STAFF APPRAISAL""; ""TABLES""; ""1. Summary of Economic Indicators, 2008�17""; ""2. General Government Accounts (National Presentation), 2008�17""

""2.1. Statement of Operations�General Government (GFSM 2001 format), 2008�17""""2.2. General Government Balance Sheet, 2005�11""; ""3. Financial Sector Indicators""; ""4. Summary of Balance of Payments, 2009�13""; ""5. Highlights of the Authorities� Structural Reform Agenda""; ""FIGURES""; ""1. Real Sector Selected Economic Indicators""; ""2. Balance of Payments""; ""3. Banking Sector Indicators""; ""BOXES""; ""1. What are the Factors Behind Deleveraging in Italy?""; ""2. Spillovers from A Potential Intensification of the Euro Area Crisis""

""3. Impact of Structural Reforms on Growth and Competitiveness""""4. The Authorities� Fiscal Consolidation Packages""; ""5. Shifts in the Investor Base for Italian Government Bonds""; ""6. Would a Fiscal Devaluation Work in Italy""; ""ANNEXES""; ""I. Debt Sustainability Analysis""; ""II. External Competitiveness""; ""APPENDIX""; ""Main Recommendation of the 2011 Article IV Consultation and Authorities� Response""; ""CONTENTS""; ""FUND RELATIONS""; ""STATISTICAL ISSUES""

Notes:

Description based upon print version of record.

Includes bibliographical references.

Description based on print version record.

ISBN:

9781475523515

1475523513

9781475551723

147555172X

9781299263772

1299263771