MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI: CANADA Q3 INDUSTRIAL CAPACITY UTILIZATION RATE 79.3%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

MNI BRIEF: Italy Raises 2023 Deficit To 5.3%, 4.3% in 2024

(MNI) Rome

Italy has raised its 2023 deficit target to 5.3%, Italian Finance minister Giancarlo Giorgetti said in a press conference Wednesday as he presented the latest macroeconomic outlook.

For 2024 the executive has raised its borrowing target to 4.3% of GDP, above the 3% target imposed the Stability and Growth Pact that will again apply next year after the end of the escape clause activated during to the pandemic years.

Rome has lowered the growth outlook for 2023 and 2024 to 0.8% and 1.2%, respectively because of the weaker global economy. The higher deficit will partly be explained due to the construction subsidies known as ‘Super Bonus 110%' that was approved by previous governments that will still have effects in the next few years.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Policy NewsFiscalGovernment sectorCEEMEAEurozoneItalyBriefStoryRegion
True
MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
Policy NewsFiscalGovernment sectorCEEMEAEurozoneItalyBriefStoryRegion
True

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.