• OECD sees Italian 2019 budget deficit at 2.5% of GDP, above 2%-target agreed with the European Commission in December

Market news

1 April 2019

OECD sees Italian 2019 budget deficit at 2.5% of GDP, above 2%-target agreed with the European Commission in December

  • Sees Italy’s budget deficit to rise to 3.0 percent of GDP in 2020
  • Sees Italy’s GDP falling 0.2 percent in 2019 before expanding 0.5 percent in 2020
  • Sees Italy’s public debt to hit a record 133.8 percent of GDP this year and climb to 134.8 percent in 2020

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