![Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article) Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article)](https://wiiw.ac.at/files/news/images/386-1477.jpg)
Output gap nonsense': Understanding the budget conflict between the EC and Italy's government (news article)
![Philipp Heimberger on Twitter: "The IMF says that Italy's output gap (GDP<potential) is just -5%, similar to what it is in New Zealand. It does not make sense. Given deflationary pressures and Philipp Heimberger on Twitter: "The IMF says that Italy's output gap (GDP<potential) is just -5%, similar to what it is in New Zealand. It does not make sense. Given deflationary pressures and](https://pbs.twimg.com/media/EtHw4ChXUAYKYGQ.jpg)
Philipp Heimberger on Twitter: "The IMF says that Italy's output gap (GDP<potential) is just -5%, similar to what it is in New Zealand. It does not make sense. Given deflationary pressures and
![GDP output gap in %, 2010-2016, selected euro-area Member States | European Parliamentary Research Service Blog GDP output gap in %, 2010-2016, selected euro-area Member States | European Parliamentary Research Service Blog](https://i1.wp.com/epthinktank.eu/wp-content/uploads/2016/09/gdp-output-gap-in-percentage.png?fit=997%2C784&ssl=1&w=640)
GDP output gap in %, 2010-2016, selected euro-area Member States | European Parliamentary Research Service Blog
![PDF] An Analysis of Factors Affecting the Variation of GDP Gap by a Decomposition Method | Semantic Scholar PDF] An Analysis of Factors Affecting the Variation of GDP Gap by a Decomposition Method | Semantic Scholar](https://d3i71xaburhd42.cloudfront.net/df1056ba48a52e9093988e6ed1c7e3239fe7ad28/2-Figure1.1-1.png)
PDF] An Analysis of Factors Affecting the Variation of GDP Gap by a Decomposition Method | Semantic Scholar
![Third-quarter GDP: Record growth, but closing the output gap will take years | The Real Economy Blog Third-quarter GDP: Record growth, but closing the output gap will take years | The Real Economy Blog](https://realeconomy.rsmus.com/wp-content/uploads/2020/10/10_29_2020_GDP_sub_2.png)