Report card for Italy once again marked with "must do better"
The IMF have completed a mission to Italy and here are the main comments
- Medium-term growth prospects are lacklustre
- Progress on privatisations remain disappointing
- Italy should restart NPL market and improve insolvency regime
- Italy should lower their tax wedge and repair bank balance sheets
- It's time for Italy to press ahead with reform agenda
Aside from the call for Italy to pull their socks up, the IMF did see growth increasing to 0.7% for 2015 from their prior forecast of 0.5%
