Friday 19 July 2019
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Italy PM - 22 days ago

EU Commission growth forecasts, press note by Prime Minister Conte

The European Commission’s growth forecasts for next year have underestimated the positive impact of our budget bill and of our structural reforms. We are going forward with our own estimates on our public finances, showing rising growth and falling debt and deficit. There are no grounds to question the validity and reasonableness of our forecasts. This is why we consider any other scenario for Italy’s public finances to be absolutely unlikely. The deficit will drop as we grow and this will enable us to decrease the debt-to-GDP ratio to 130% next year and all the way down to 126.7% in 2021.


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