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Italy; 2002 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Italy

  • International Monetary Fund
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    This 2002 Article IV Consultation highlights that the economic slowdown in Italy in 2001 has been followed by only a modest resumption of growth in the first half of 2002. As weaker external demand spilled over into domestic demand, economic growth stagnated in the last three quarters of 2001. GDP growth turned marginally positive in the first half of 2002, although final domestic demand remained weak, as did industrial production, notwithstanding a rebound in business confidence from its 2001 trough. Equity prices have fallen by more than 20 percent from end-2001 to mid-October 2002.

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    Paper provided by International Monetary Fund in its series IMF Staff Country Reports with number 02/230.

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    Length: 57
    Date of creation: 25 Oct 2002
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    Handle: RePEc:imf:imfscr:02/230
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