Italy’s Narrow Path to Recovery
Given the constraints imposed by its huge public debt, Italy must continue to consolidate its public finances. But policymakers can, and must, support stable and inclusive growth – through structural reforms, targeted investments, and direct support for the most vulnerable sections of the population.
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TRENTO – Italy faces a double economic crisis in which two recessions and a banking crisis over the past decade have come on top of a slow structural decline in growth over a far longer period. And the country’s high level of public debt leaves policymakers with limited options.