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Italy: Staff concluding Statement of the 2026 Article IV Mission
At the end of the visit, the mission issued the following statement:
Outlook: Economic activity faces an increasingly challenging near‑term outlook in the face of global uncertainty and higher energy prices. Medium‑term growth prospects remain subdued, constrained by weak productivity growth and population aging. Fiscal policy: Continued fiscal consolidation has strengthened market confidence. Yet, public debt remains high. A more front‑loaded adjustment, centered on tax base broadening, improved tax compliance, and gains in spending efficiency, would help rebuild buffers and enhance resilience. [...]