Economics

IMF Says Italy Falls Short on Reforms, Growth Below 1% Seen

  • Government strategy may leave economy vulnerable, fund says
  • Italy’s poverty rates elevated, public debt ‘very high’: IMF
Intesa Sanpaolo CEO Carlo Messina discusses the Itailan economy.(Source: Bloomberg)
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Italy’s government is falling short on needed reforms while annual economic growth is projected to stay below 1 percent through 2023, the IMF said.

The Washington-based fund issued a report on the 2018 review of Italy less than a week after the national statistics office said the country fell into recession at the end of last year.