IMF warns Italy on high public debt: Urges swift fiscal reforms
The International Monetary Fund (IMF) has issued a stern warning to Italy, highlighting the need for swift and decisive fiscal reforms to address its escalating public debt. In its concluding statement following the 2024 Article IV consultation mission to Italy, the IMF noted that Italy's economy has demonstrated resilience by recovering from the dual impacts of the pandemic and rising energy prices. This recovery has been largely driven by a resurgence in tourism and substantial policy support. The IMF mission, led by Rachel van Elkan, also stressed the urgent need for Italy to implement fast...