IMF: Italy won't achieve economic growth through fiscal stimulus

In a recently published report, the IMF argued that Italy wouldn't be able to achieve economic growth through fiscal stimulus. 

Key quotes (via LiveSquawk)

• Growth has to come through structural reforms.
• Italy must show willingness to deal with underlying problems; does not expect dramatic changes.
• Sees Italy's GDP growth at 1pct in 2019, 0.9pct in 2020.
• Countries with significant vulnerabilities like Italy should prioritise cutting deficit, debt.
• Expansionary fiscal policy could have negative impact on Italy's growth because market reaction would be very unfavourable.