IMF says Italy's recovery fragile, needs 'bold, quick' reforms

Italy's economic recovery remains fragile and Matteo Renzi's government needs to take rapid steps to increase the country's growth potential and cut debt, the International Monetary Fund said on Tuesday.

In its written conclusions after a visit to Italy, the IMF called on the government to tighten the budget to achieve a modest fiscal surplus next year in structural terms and urged Italian banks to step up efforts to reduce bad loans.

"The recovery remains fragile and unemployment unacceptably high, highlighting the need for bold and quick policy actions," the IMF said in the document.

Read the full article here.