High corporate debt harms Italy’s productivity, IMF research says
Policymakers should look at discouraging structural corporate debt, researchers say
High corporate debt levels in Italy have contributed to the low productivity growth the country has recorded since the late 1990s, research published by the International Monetary Fund says.
Corporate Indebtedness and Low Productivity Growth of Italian Firms by Gareth Anderson and Mehdi Raissi analyses the structural impact that rising and persistent corporate debt levels have on the productivity growth of Italian firms.
“We find significant negative effects of persistent corporate debt build
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