IMF Staff Country Reports

Italy: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy

July 22, 2025

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Format: Chicago

International Monetary Fund. European Dept., and International Monetary Fund. Strategy, Policy, & Review Department "Italy: 2025 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Italy", IMF Staff Country Reports 2025, 201 (2025), accessed July 24, 2025, https://doi.org/10.5089/9798229018234.002

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Summary

The Italian economy has remained relatively resilient. Economic activity in 2024 expanded by 0.7 percent for the second consecutive year, supported by investment under the National Recovery and Resilience Plan (NRRP) and net exports. Activity continued to hold up in early 2025 despite global trade tensions. Inflation neared 2 percent. However, the near-term outlook is clouded by elevated uncertainty, and structural challenges—including low productivity growth and population aging—weigh on economic prospects.

Subject: Exports, Financial institutions, Financial sector policy and analysis, Financial sector stability, Fiscal consolidation, Fiscal policy, Fiscal stance, International trade, Labor, Labor markets, Loans, Nonperforming loans, Production, Productivity, Public debt

Keywords: Aging, Credit, Exports, Financial sector stability, Fiscal consolidation, Fiscal stance, Labor markets, Loans, Nonperforming loans, Productivity

Publication Details

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