Transcription of ITALY - OECD.org
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ITALY - OECD.org
3. DEVELOPMENTS IN INDIVIDUAL OECD AND SELECTED NON-MEMBER ECONOMIESOECD ECONOMIC OUTLOOK, VOLUME 2018 ISSUE1 PRELIMINARY VERSION OECD 2018172 ITALYG rowth is projected to edge down to in 2018 and in 2019. Exports andbusiness investment are increasingly driving the recovery. Private consumption growthwill moderate due to waning job growth and weaker household purchasing power dueto rising inflation. Consumer price inflation is edging up as excess capacity narrows andwill accelerate in 2019. The current account surplus is projected to remain stock of non-performing loans in the banking system has declined markedlyfrom its peak thanks to policies put in place. In 2018, the fiscal stance is projected to beslightly expansionary. Reflecting perceived increased policy uncertainty, governmentbond yields have risen recently.
3. developments in individual oecd and selected non-member economies oecd economic outlook,volume 2018 issue1–preliminary version © oecd 2018 173 italy: demand ...
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