IMF headquarters in Washington on the 10th, the Italian Government has taken initiatives to maintain economic stability and promote growth, Italy is still facing the impact of European debt crisis spread to boost Italy's economic growth is inseparable from the European-level policyefforts.
 
The IMF pointed out that in 2012 Italy's Article IV consultation report released the same day, in view of the debt crisis in Europe fermentation, the global economic slowdown and fiscal consolidation in many developed countries are taken, the Italian economy this year will be a recession, is expected to Italy's real gross domestic GDP will shrink 1.9 percent in 2012, will shrink 0.3 percent in 2013.
 
The IMF pointed out that Italy's economic recovery requires not only their own countries, the labor market, structural reform of the tax field is also inseparable from the European level to strengthen the monetary union initiatives.
 
IMF Constitution Article IV explicitly bilateral supervisory functions of the Organization by Member States. Accordingly, the IMF is usually held annually with the Member States a consultation, known as Article IV consultation, subsequent consultation report written by IMF staff. After discussion by the IMF Board of Executive Directors, according to the transparency of policies to encourage the release of the Article IV consultation reports.



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