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Italy Targets 4.3% GDP Deficit In 2024: Official - Bloomberg

ITALY

*ITALY TARGETS 4.3% DEFICIT-TO-GDP IN 2024: OFFICIAL - bbg

  • It’s confirmation of the multiple sources reports from newswires, including Reuters sources on Monday looking for 4.1-4.3% GDP and Bloomberg sources seeing it “may now be as wide as” 4.5% GDP on Tuesday.
  • The 2024 deficit was previously forecast at 3.7% GDP in the original projection from April, marking a larger overshoot of the EU's 3% limit.
  • It follows an estimated 5.3% GDP deficit in 2023 when factoring in the superbonus payment (compared with a previously forecast 4.5% GDP).
  • Italy is seen targeting 1.2% growth in 2024.

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