Reuters was first to report that the Italian government on Wednesday cut its growth forecasts for this year and next and hiked its budget deficit targets, as rising interest rates hurt the economy and costly green building incentives weigh on public finances.
EconomyGovernment
Italy hikes deficit targets as economic growth weakens
28 September 2023, 12:53 pm 1 minute
Market Impact
Italy, which has the euro zone’s second largest debt pile as a proportion of output, is under growing scrutiny from investors concerned about its weakening economy and fiscal slippage.
Article Tags
Topics of Interest: EconomyGovernment
Type: Reuters Best
Sectors: Economy & PolicyFinancial ServicesGovernment & Public Services
Regions: Europe
Countries: Italy
Win Types: Speed
Story Types: Exclusive / Scoop
Media Types: Text
Customer Impact: Significant National Story
