Italy's economy performs well but slowdown expected: IMF

**This is a 60-seconds sample of the video. For the full version, please contact us.**

Italy's economy performs well but slowdown expected: IMF

STORY: Italy's economy performs well but slowdown expected: IMF SHOOTING TIME: May 21, 2024 DATELINE: May 22, 2024 LENGTH: 00:00:49 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of stores in Rome STORYLINE: The International Monetary Fund (IMF) on Monday said that while Italy had good recoveries from economic shocks in recent years, the economy's prospects were only "moderate" going forward. In its annual Staff Concluding Statement, the IMF said that Italy recovered from the back-to-back shocks of the coronavirus pandemic and the spike in energy prices sparked by the Ukraine crisis and that as of the end of the first quarter of this year, its economy was 4.5 percent larger than before the pandemic -- "a stronger performance than in other large euro-area countries," the IMF said in a statement. That growth, the fund said, was fueled by a recovery in tourism, tax credits, and projects funded by European Union (EU) pandemic recovery loans and grants. But the IMF said Italy was unlikely to

  • Product Code
  • ILEA002749081
  • Registered date
  • 2024/5/22 00:00:00
  • Credit
  • Xinhua / Kyodo News Images
  • Media source
  • Xinhua News Agency.All Rights Reserved
  • Media size
  • 1920 × 1080 pixel
  • Deployment size
  • 25.49(MB)*
  • Special instruction

*File size when opened in Photoshop, etc.

Similar Images & Videos

    Italy's growth forecast for 2024 revised up to 1 pct: ISTAT

    STORY: Italy's growth forecast for 2024 revised up to 1 pct: ISTAT SHOOTING TIME: June 7, 2024 DATELINE: June 8, 2024 LENGTH: 00:00:41 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Italy STORYLINE: The Italian economy is expected to grow by 1 percent this year, the country's National Institute of Statistics (ISTAT) said on Thursday, revising up a previous 0.7 percent projection. The country's gross domestic product (GDP) growth rate "will be supported by the contribution of both domestic net demand of inventories and net foreign demand," ISTAT said in its report. Italy, the third largest economy in the European Union after Germany and France, will then expand by 1.1 percent in 2025. Overall, ISTAT said that private consumption in the country continues to be supported by the strengthening of the labor market and an increase in real wages. "These dynamics will lead to a growth of 0.4 percent in household consumption in 2024 and of 1 percent in 2025," it said. The labor market is also expected

      Italy experiences over decade of growth marred by growing inequality

      STORY: Italy experiences over decade of growth marred by growing inequality SHOOTING TIME: June 3, 2024 DATELINE: June 4, 2024 LENGTH: 00:00:51 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of Bank of Italy 2. various of streets in Rome STORYLINE: While wealth in Italy grew over the last 15 years, the economic gap between high-income and medium-income families has also widened, a national report recently showed. Italy is the third largest economy in the European Union (EU) after Germany and France, and its total net wealth increased by about 14 percent between 2010 and 2023, according to the latest Bank of Italy's annual report. However, the distribution of wealth was increasingly uneven and mostly benefitted the wealthiest 10 percent of households, while middle-class families saw their relative share of wealth decrease. In terms of wealth distribution, Italy's population can be divided into three groups (top, medium, and bottom group), the central bank said. The top 10 percent of households

        German industry insider: bullish on outlook of Chinese economy

        STORY: German industry insider: bullish on outlook of Chinese economy SHOOTING TIME: June 1, 2024 DATELINE: June 2, 2024 LENGTH: 00:01:56 LOCATION: Berlin CATEGORY: POLITICS/ECONOMY SHOTLIST: 1. various of China's industrial sector 2. SOUNDBITE (English): MICHAEL SCHUMANN, Chairman of BWA STORYLINE: The International Monetary Fund (IMF) has raised its forecast for China's GDP growth in 2024 to 5 percent from the April projection of 4.6 percent. A German industry insider shared his thoughts on the IMF's forecast revision. SOUNDBITE (English): MICHAEL SCHUMANN, Chairman of Federation of the Federal Association for Economic Development and Foreign Trade (BWA) "First, to say this quite clearly, it is a very good news and a very positive news because it will be a stimulus to the world economy if the growth rate in China is positive. We have always been bullish on the outlook of the Chinese economy. Our association BWA, we have been working with China, we have been fostering and supporting Sino-German econom

          Industrial production costs fall in Italy for 6th consecutive month

          STORY: Industrial production costs fall in Italy for 6th consecutive month SHOOTING DATE: May 30, 2024 DATELINE: May 31, 2024 LENGTH: 00:00:49 LOCATION: Rome CATEGORY: ECONOMY SHOTLIST: 1. various of streets in Rome STORYLINE: Industrial producer prices in Italy fell for the sixth consecutive month, the country's statistics entity reported Thursday, due largely to continued decreases in energy costs. The Italian National Institute of Statistics (ISTAT) said that prices for industrial producers fell by 0.9 percent in April compared to the previous month. Costs were 5.9 percent below their levels from a year earlier. The trend represents a marked turn-around from 2022 and early 2023, when the key index rose nearly every month and when year-on-year increases regularly topped 30 percent due to the spike in energy prices. Overall inflation in Italy has fallen dramatically since October 2023. This decline has been broadly in line with the drop in producer prices. Still, the rate of decrease in producer

            EU probes Italy's failure to curb single-use plastic

            STORY: EU probes Italy's failure to curb single-use plastic SHOOTING TIME: May 23, 2024 DATELINE: May 24, 2024 LENGTH: 00:01:08 LOCATION: Rome CATEGORY: SOCIETY SHOTLIST: 1. various of plastic products in Rome STORYLINE: The European Commission on Thursday announced it is taking legal action against Italy for allegedly failing to implement directives aimed at curbing the use of single-use plastic. Italy was an early supporter of Europe's efforts to cut down on pollution from single-use plastics, but in recent years it has opposed the evolution of the rules. In 2021, Italy was the subject of a European Union (EU) investigation that found the country's domestic rules on single-use plastics failed to conform with those of the EU. Subsequently, the country formally "transposed" the European directive on plastics into law. However, the issue came to the fore once again last year, with Italy and Finland threatening to soften EU rules on plastic packaging. In December, Italy was the only country among the 2

              EU agrees to use frozen Russian assets for Ukraine's defense

              STORY: EU agrees to use frozen Russian assets for Ukraine's defense SHOOTING TIME: May 21, 2024 DATELINE: May 22, 2024 LENGTH: 00:01:41 LOCATION: Brussels CATEGORY: POLITICS SHOTLIST: 1. various of the European Commission Berlaymont building 2. various of the Europa and Justus Lipsius building STORYLINE: The Council of the European Union (EU) announced on Tuesday that ministers from EU member states have agreed to use proceeds from frozen assets of the Central Bank of Russia (CBR) to support Ukraine's military efforts. Under the agreement, 90 percent of the profits from these assets will be allocated to the European Peace Facility, an EU-run fund providing military aid for Ukraine. The remaining 10 percent will bolster Ukraine's defense industry capacities and reconstruction needs. "Up to 3 billion euros (3.26 billion U.S. dollars) this year alone, 90 percent goes for Ukraine's military," Czech Foreign Minister Jan Lipavsky stated on social media platform X. According to data from the Council,

                EU passes stricter rule on large vehicles despite Italian opposition

                STORY: EU passes stricter rule on large vehicles despite Italian opposition SHOOTING TIME: May 14, 2024 DATELINE: May 14, 2024 LENGTH: 0:00:58 LOCATION: Rome CATEGORY: ECONOMY/POLITICS SHOTLIST: 1. various of vehicles in Rome STORYLINE: The Council of the European Union (EU) on Monday adopted new measures to reduce greenhouse gas emissions from large vehicles despite opposition from Italy and two other countries. Italy's adoption rate for electric vehicles is among the lowest in the European Union. Though the government is in talks to bring an electric vehicle producer to Italy and the number of electric cars is increasing, new data shows that greenhouse gas emissions from transport continue to rise even as overall emissions have declined. The new measure from the Council strengthens European rules for heavy-duty vehicles -- those used for commercial transport, mass transit, and recreation -- with stricter emissions targets for five-year spans starting in 2030. The new rules maintain the target of

                  Indonesia's economy grows 5.11 pct in Q1

                  STORY: Indonesia's economy grows 5.11 pct in Q1 SHOOTING TIME: May 6, 2024 DATELINE: May 7, 2024 LENGTH: 00:01:24 LOCATION: Jakarta CATEGORY: ECONOMY SHOTLIST: 1. various of the press conference 2. various of the financial sector in Indonesia 3. various of a port in Indonesia 4. various of Jakarta STORYLINE: Indonesia's economy grew by 5.11 percent year on year in the first quarter of this year, Statistics Indonesia BPS announced on Monday. The quarterly growth marks the highest for a first quarter since 2015, said acting head of BPS Amalia Widyasanti, adding the Southeast Asian country had recorded a growth of 5.12 percent in the first quarter of 2014. However, "Compared to the previous quarter, economic growth contracted 0.83 percent," said the official at a press conference. The main contributors to the economic growth in the first quarter in terms of production are the processing, trade, construction and mining sectors, according to her. "In the first quarter of 2024, the manufacturing

                    China-EU green energy partnership drives sustainable development across borders

                    STORY: China-EU green energy partnership drives sustainable development across borders SHOOTING TIME: FILE DATELINE: May 5, 2024 LENGTH: 00:02:24 LOCATION: Beijing CATEGORY: ECONOMY/TECHNOLOGY/ENVIRONMENT SHOTLIST: 1. various of new energy projects conducted by China 2. various of Grid connection ceremony of Senj Wind Farm project 3. SOUNDBITE 1 (English): BARBARA FREI, Executive Vice President of Schneider Electric 4. SOUNDBITE 2 (English): FATIH BIROL, Executive Director of the International Energy Agency (IEA) 5. various of new energy projects conducted by China STORYLINE: China's rapid progress in the renewable energy sector has played a pivotal role in advancing the European Union's (EU) green transition. The European Green Deal, proposed by the European Commission and introduced in 2019, targeted net-zero greenhouse gas emissions by 2050. To achieve this, the EU has pledged to increase the binding renewable energy share to at least 42.5 percent by 2030. In fact, many European countries have reaped

                      IMF reviews to unlock 360-mln-USD loan for Ghana

                      STORY: IMF reviews to unlock 360-mln-USD loan for Ghana SHOOTING TIME: April 13, 2024/File DATELINE: April 15, 2024 LENGTH: 00:03:06 LOCATION: Accra CATEGORY: ECONOMY SHOTLIST: 1. various of the IMF joint press briefing 2. SOUNDBITE 1 (English): STEPHANE ROUDET, IMF mission chief for Ghana 3. various the IMF joint press briefing 4. SOUNDBITE 2 (English): ERNEST ADDISON, Bank of Ghana Governor 5. various of the IMF joint press briefing 6. various of the Central Business District of Accra (file) STORYLINE: A staff review team of the International Monetary Fund (IMF) said on Saturday that the second review of Ghana's reform program would unlock 360 million U.S. dollars for the West African country. In a statement, the IMF said Ghana's performance under the program has been generally strong, with most quantitative targets met and key reforms implemented. This positive outcome of the review, the statement said, would pave the way for the West African country to draw the scheduled 360 million dollars as