Global Analysis from the European Perspective. Preparing for the world of tomorrow

Italy’s Debt to Reach 160% of GDP This Year, Draft Budget Shows

Italy expects debt to rise to about 160% of gross domestic product by the end of this year despite a smaller-than-forecast contraction of the economy, officials familiar with ongoing budget talks said. The new figures, which are provisional and still subject to change, see the economy expanding 6% in 2021, the officials said, asking not to be named discussing confidential deliberations. Source Bloomberg Quint


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