Italy 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Italy
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Italy 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Italy
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-06-02
Italy 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Italy written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-06-02 with Business & Economics categories.
The pandemic dealt a severe blow to the Italian people and their economy. GDP fell by nearly 9 percent in 2020, with much larger drops for contact-intensive services. Public and corporate debt increased strongly and preexisting vulnerabilities have likely worsened. The government is prioritizing resolving the health emergency and transforming the economy to lift productivity, improve social outcomes and strengthen resilience to future shocks and structural change. The large National Recovery and Resilience Plan—partly financed by sizable Next Generation EU resources—will be used to increase physical and social infrastructure. Outlook. GDP is expected to recover strongly in 2021–22 and to grow well-above trend over the medium term, supported by investment spending. Nonetheless, economic scarring could be sizable. The two-sided risks relate to how the pandemic progresses, the efficiency of investment spending and the extent of savings drawdown, with large costs associated with the downside.
Italy
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Author : International Monetary Fund. European Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2022-08
Italy written by International Monetary Fund. European Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-08 with Business & Economics categories.
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.
Italy
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Author : International Monetary Fund.
language : en
Publisher:
Release Date : 2022
Italy written by International Monetary Fund. and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022 with categories.
Luxembourg 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Luxembourg
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-05-25
Luxembourg 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Luxembourg written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-25 with Business & Economics categories.
The economic impact of the pandemic has been much milder than initially foreseen, still the outlook remains challenging. The economy, dominated by financial services, adapted quickly to telework and benefited from unprecedented policy support, both domestically and globally. Uncertainty is unusually high, dominated by the virus dynamics in the short term, with downside risks relating to a sharp rise in global risk premia, deglobalization trends, and changes in international taxation.
Germany 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Germany
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-07-15
Germany 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Germany written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-07-15 with Business & Economics categories.
Germany’s economy contracted by just under 5 percent in 2020, outperforming most European peers. But renewed waves of infections and associated lockdowns caused economic activity to plunge again in the first quarter of this year. While the pace of mass vaccination has picked up and the economy has started to reopen, the recovery path is beset with risks, particularly with respect to the progress of the pandemic and supply shortages in major industries. The authorities have maintained appropriately accommodative fiscal and financial policies, and most measures supporting households and firms have been extended through 2021.
Republic Of Slovenia 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For The Republic Of Slovenia
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-05-25
Republic Of Slovenia 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For The Republic Of Slovenia written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-05-25 with Business & Economics categories.
The pandemic is inflicting much suffering, which has been met with swift, substantial, and well-coordinated policy responses. The anti-crisis measures have helped preserve jobs, provide liquidity to companies and income support to the vulnerable groups. They averted a larger decline in output and kept unemployment under control. After contracting by 5.5 percent in 2020, real GDP is projected to grow by 3.9 percent in 2021 and 4.5 percent in 2022, as vaccinations help achieve herd immunity. However, risks to the outlook are large and tilted to the downside, given the epidemiological situation.
Republic Of San Marino 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For The Republic Of San Marino
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-11-23
Republic Of San Marino 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For The Republic Of San Marino written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-23 with Business & Economics categories.
San Marino entered the pandemic with substantial vulnerabilities and still struggling from the consequences of the Global Financial Crisis (GFC). However, the economy has shown significant resilience supported by a timely and targeted policy response. Fiscal support was substantially scaled up after external borrowing was secured, including through a debut Eurobond. The banking system was rationalized, partly capitalized, its liquidity substantially improved, and a strategy is being adopted to address exceptionally high nonperforming loans (NPLs). Some of these measures, while effective, have increased official public debt substantially.
Republic Of Slovenia
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language : en
Publisher:
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Republic Of Slovenia written by and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Kingdom Of The Netherlands The Netherlands 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For The Kingdom Of The Netherlands The Netherlands
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Author : International Monetary
language : en
Publisher: International Monetary Fund
Release Date : 2021-11-15
Kingdom Of The Netherlands The Netherlands 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For The Kingdom Of The Netherlands The Netherlands written by International Monetary and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-11-15 with Business & Economics categories.
The Dutch economy was more resilient than the average Euro area economy in 2020 owing in part to a high rate of digitalization of activities that allowed a large share of the work force to work remotely, while the strong policy response mitigated the impact of containment measures. A strong recovery is underway, with pre-pandemic GDP level to be exceeded in 2021:Q4, and the labor market has tightened considerably. The economy is forecast to grow by 4.0 percent in 2021 and 3.3 percent in 2022, on the back of strong consumption and investment, supported by increasing coverage of vaccines. Near-term risks to the outlook are roughly balanced, driven by the uncertain trajectory of the pandemic on the downside, while a fuller than expected drawdown of savings accumulated in the pandemic would further support domestic demand and growth. Further out, real estate market developments present additional risks.
Albania 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Albania
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Author : International Monetary Fund. European Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2021-12-07
Albania 2021 Article Iv Consultation Press Release Staff Report And Statement By The Executive Director For Albania written by International Monetary Fund. European Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2021-12-07 with Business & Economics categories.
Albania’s economy has shown considerable resilience in the face of the 2019 earthquake and the pandemic. After the hardship endured in 2020, real GDP is rebounding strongly by a projected 7.8 percent in 2021. Policies have played a critical role in preserving lives and livelihoods and thereby paving the way for the recovery. The key challenges now are to invest efficiently in people and the economy to support the continued development of the country and to rebuild room for fiscal policy maneuver by lowering the very high fiscal deficit and public debt.