IMF Consultation with Italy (article IV)

IMF Consultation with Italy under Article IV of the IMF’s Articles of Agreement ended yesterday, May 16 2012.
The concluding statement reports that “Italy is a model for fiscal stabilization” and encourages the Government to stick on reforms since “the potential gains to growth from deeper structural reforms are substantial. IMF staff estimates suggest that product and labor market reforms that bring Italy closer to OECD best practices could increase the level of GDP by about 6 percent over the medium term”.