The Monetary Fund is against the abolition of the IMU. “The first home property tax should be maintained for reasons of equity and efficiency, and the review of cadastral values should be accelerated to ensure equity”. The IMF experts, in the report on Italy pursuant to Article IV published today in Washington, exposed themselves by supporting their opposition to the cancellation of the property tax.
The IMF has also revised its estimates of Italian GDP: in 2013 our country will record a negative GDP of -1,8% (the previous estimate was -1,5%), in 2014 the indicator will grow again by 0,7% (formerly +0,5%) . The Italian economy, according to the Fund, is showing signs of stabilization but strong winds remain against growth. Business and household confidence has risen but has not yet had a positive effect on business performance and employment. And while sovereign debt pressures and the pace of fiscal consolidation have eased this year, financial conditions remain challenging keeping private spending in check.
