Bank of Italy says government's 2020 growth forecast 'reasonable'

Market news

12 November 2019

Bank of Italy says government's 2020 growth forecast 'reasonable'

The Italian government’s 0.6% growth forecast for 2020 is “reasonable” while the target of 1% set for 2021 is reachable, the Bank of Italy’s deputy governor said.

Rome should seize the opportunity offered by low interest rates to start lowering Italy’s debt-to-GDP ratio, Luigi Federico Signorini said during a parliamentary hearing on the 2020 budget.

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