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Italy cuts growth impact of Recovery Plan, EU funds - Vimarsana News

Italy cuts growth impact of Recovery Plan, EU funds

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

Source: wtvbam.com
Global sovereign debt to hit new high; Italy cuts growth forecasts — Macro Snapshot - Vimarsana News

Global sovereign debt to hit new high; Italy cuts growth forecasts — Macro Snapshot

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

Global growth forecasts plummet amid Ukraine war; Brazil's central bank hikes interest rates — Macro Snapshot - Vimarsana News

Global growth forecasts plummet amid Ukraine war; Brazil's central bank hikes interest rates — Macro Snapshot

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

PROPERTY: Italy's 'superbonus' renovation projects delayed by builder shortages and bureaucracy - Vimarsana News

PROPERTY: Italy's 'superbonus' renovation projects delayed by builder shortages and bureaucracy

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.

UPDATE 1-Italy sets 2021 GDP target at 6%, deficit/GDP at 9.5% - sources - Vimarsana News

UPDATE 1-Italy sets 2021 GDP target at 6%, deficit/GDP at 9.5% - sources

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).