IMF Report on Italy

16^th July 2012

Italy is still vulnerable to contagion in the euro zone in spite of the ambitious reforms undertaken by the Italian government to make good the deficit and to revive growth says the IMF's annual report published on 10th July 2012. "Economic recovery should start at the beginning of 2013, thanks to a modest revival in exports, but Italy will still lag behind in comparison with the rest of the region," said the IMF experts after their annual consultation. In its report the IMF lauds the Mario Monti's government for "its ambitious reform agenda," whilst warning of "the dangers of a deterioration in prospects," given "a difficult economic and financial situation."

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