News

Italy to raise deficit and growth forecasts

Reuters report citing unnamed sources

  • To raise debt-to-GDP target to 160% from 157.6% in August. Will aim to lower to 156% in 2021
  • Will raise budget deficit target to about 12.8% of GDP from 11.9% in Aug
  • To target 2021 at 7%
  • To set 2021 GDP growth target at 6% from 4.7% in April

Remember back when all of Europe was piling on Italy and blocking 0.2 pp of deficit financing? Now we get this.

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