Italy : Staff Report for the 2004 Article IV Consultation

1ITAEA2005002 Image
Price:  $15.00

Release Date: © February, 2005
ISBN : 978-1-45181-987-8
Stock #: 1ITAEA2005002
English
Stock Status: On back-order

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Description

This 2004 Article IV Consultation highlights that a cyclical recovery is under way for Italy, with real GDP having risen by 1.2 percent in the first three quarters of 2004 relative to the same period of the previous year, thanks to the favorable external environment and a recovery of investment. A package of corrective measures adopted in mid-2004 is likely to have proven sufficient to keep the fiscal deficit just below 3 percent of GDP last year. IMF staff forecasts growth of 1.5 percent in 2004 and 1.7 percent in 2005.

Taxonomy

Economic policy , Fiscal policy




More publications in this series: IMF Staff Country Reports