Cover IMF Staff Country Reports
Italy: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy
Author:
International Monetary Fund. European Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 255
Language:
English
Publication Date:
01 Aug 2022
DOI:
https://doi.org/10.5089/9798400217708.002
ISBN:
9798400217708
ISSN:
1934-7685
Pages:
103
Keywords:
money market rate; price signal; liability positions vis-à-vis nonresident; public finance; financial asset; Energy prices; Loans; Inflation; Fiscal stance; Global
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GDP has fully recovered from the pandemic crisis, but government debt has risen to very high levels. The war in Ukraine triggered a surge in energy prices and the prospect of monetary policy tightening caused government bond yields to rise sharply. Implementation of the National Recovery and Resilience Plan (NRRP), which provides large EU grants and loans conditioned on implementing a comprehensive reform and investment program, is underway.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 255