European Parliament Library

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

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
Table Of Contents
Cover; Contents; I. Staff Appraisal and Executive Summary; II. Context: Weathering the Global Financial Crisis; Figures; 1. Financial Indicators; Boxes; 1. The Relative Resilience of Italian Banks-some Explanatory Factors; 2. Economic Momentum Has Flagged; III. Outlook and Risks: Continued Weakness; 2. Channeling the Financial Turmoil to the Real Economy; 3. Standard Competitiveness Indicators Indicate a Gap; IV. The Policy Agenda: Responding to the Crisis and Reinforcing Long-Term Goals; A. Preserving Financial Soundness; B. Providing Short-Run Support While Maintaining Fiscal Sustainability
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (94 p.)
Specific Material Designation
Form Of Item

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