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Italy's new government will hike its borrowing plans for this year and next to fund support measures for the economy when it unveils its first public finance targets on Friday, two sources close to
Italy's economy probably shrank in the third quarter and will keep contracting until mid-2023, according to Treasury forecasts that will make grim reading for Giorgia Meloni, the rightist leader expected to be named prime minister this month.
Italy's economy probably shrank in the third quarter and will keep contracting until mid-2023, according to Treasury forecasts that will make grim reading for Giorgia Meloni, the rightist leader
By Giuseppe Fonte and Gavin Jones
The 0.6% forecast for next year signals a considerable worsening in the outlook compared with the previous goal of 2.4%