Page 7 - Financial Document News Today

Italy will spend around 13 billion euros ($12.62 billion) less this year in European post-COVID recovery funds than it previously targeted, a Treasury document showed, underscoring the countrys problems in implementing investment programmes.

Mario Draghis outgoing Italian government on Wednesday slashed next years economic growth forecast to 0.6% due to sky-high energy costs but said strong revenues would still ensure an improvement in public finances.

By Giuseppe Fonte and Gavin Jones

Italy sees its 2023 budget deficit below 5% of national output despite a darkening economic outlook triggered by the energy crisis, three sources close to the matter told Reuters.

Mario Draghis outgoing Italian government is preparing to cut its growth estimate for 2023 to just above 0.5% as the energy crisis weighs on the euro zones third largest economy, sources said ahead of official publication of the new economic forecasts next week.

By Giuseppe Fonte and Gavin Jones ROME (Reuters) - Italy has reduced its estimates for the economic growth impact of European Union funds and reforms ...

RIYADH: Global government debt is set to rise 9.5 percent this year to a record $71.6 trillion, driven by the United States, Japan and China, asset management firm Janus Henderson said in a report on Wednesday. Governments across the world have ramped up borrowing since the COVID-19 pandemic erupted two years ago, as they tried to shield their economies from the fallout. That

RIYADH: The war in Ukraine has pushed global growth predictions down 0.5 percent, with Italy’s growth trailing back by 1.7 percent. While Brazil’s central bank increased its benchmark interest rates by 100-basis point, Morocco held its interest rate at 1.5 percent. The British pound and Japanese yen saw alterations, even as Canada’s stocks hit a record high spurred by a rally

The popularity of Italy's so-called 'superbonus' and the complexity of accessing it has led to setbacks in renovation timescales, leaving some property owners worried about whether they'll actually complete their building jobs in time.

Italy forecasts economic growth of 6% this year following the record contraction of 8.9% in 2020, two government sources said on Tuesday, while the budget deficit is targeted at 9.5% of gross domestic product (GDP).