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Italy
Report

Italy

2014 Article IV Consultation – Staff Report

IMF, 2014

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Editorial Rating

7

Qualities

  • Analytical
  • Innovative
  • Scientific

Recommendation

Present-day Italy is behaving like a value stock: Its potential is greater than its present worth due to impairments such as repressive regulation, political gridlock, sclerotic economic activity and banks’ nonperforming loans. Written in the dry narrative of an economist, this report from the International Monetary Fund is nonetheless rich in examples of Italy’s current disorder as well as in recommended fixes. getAbstract recommends this analysis to economists, portfolio managers and business executives.

Take-Aways

  • Italy’s economy suffers from “tight credit conditions, weak corporate balance sheets and deeply rooted structural rigidities.” Its public finances are in disarray, and high unemployment and stagnant wages weigh down its recovery as well.
  • From 2007 to 2013, GDP fell by more than twice as much in the south of Italy as it did in the north, and unemployment is four percentage points higher in the south.
  • Further clouding the country’s economic prospects are potential “geopolitical tensions and [an] export slowdown, stagnation and low inflation, and bond market stress and financial instability.”

About the Author

The International Monetary Fund advises member nations on policy issues and works to promote economic stability and well-being.


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