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Staff Report for the 2015 Article IV Consultation

Italy by International Monetary Fund. European Dept.
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This 2015 Article IV Consultation highlights that Italy's economy is emerging gradually from a prolonged recession. Financial market sentiment and confidence indicators have improved substantially since end-2014. Despite the recent bouts in volatility, sovereign bond yields have fallen to precrisis levels buoyed by the European Central Bank's quantitative easing. Bank and corporate funding costs have declined. Rising business and consumer confidence has stemmed the decline in domestic demand. Against this backdrop, the economy is expected to recover moderately, with real GDP projected to expand by 0.7 percent in 2015, supported by domestic demand and net exports.
International Monetary Fund; July 2015
70 pages; ISBN 9781513528748
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Title: Italy
Author: International Monetary Fund. European Dept.