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RUSSIA

Russia 1Q21 GDP Prints Above Expectations

ITALY
ITALY: *** Corriere has reported that the Italian budget plan seeks to cut the
deficit to 2% of GDP in 2021.
- This steps down from a projected 2.4% in 2019 and 2.2% in 2020 according to
the report.
- Spending cuts are planned to cover EUR15-20bn of the projected budget
shortfall.
- Previous government rhetoric had pointed to a 2.4% deficit to GDP ratio over 3
years.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com