Page 17 - Financial Document News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Italy prepares new 40 billion euros economic stimulus package - source Reuters 2 hrs ago © Reuters/FLAVIO LO SCALZO FILE PHOTO: Outbreak of the coronavirus disease (COVID-19) in Milan ROME (Reuters) - Italy's government is preparing a new stimulus package worth around 40 billion euros ($47.60 billion) to support its coronavirus-battered economy, a source close to the matter said on Monday. The extra borrowing will probably push this year's budget deficit above 10% of gross domestic product (GDP), up from 9.5% in 2020 when the economy shrank by 8.9% as a result of the coronavirus curbs,...

Italy's economy seen growing 4.1% this year, business lobby says Reuters 2 hrs ago ROME, April 10 (Reuters) - Italy's virus-hit economy is expected to grow 4.1% this year and 4.2% in 2022 in an "uncertain ascent from the abyss", the country's business lobby Confindustria said on Saturday. Popular Searches The Italian economy shrank by a post-war record of 8.9% last year, and Confindustria said even such "historically high" growth estimates would not make up for last year's losses. "At the end of 2022 the economy will have barely bridged the gap opened in 2020 by the pandemic," Confindustria...

2 Min Read ROME, April 8 (Reuters) - Italy’s government is preparing a new stimulus package worth more than 30 billion euros ($35.62 billion) to support its battered economy, driving up this year’s budget deficit, a senior Treasury official said on Thursday. The money will fund additional grants to businesses forced to close due to coronavirus restrictions and extend an existing debt moratorium for small and medium-sized companies, the state auditor at the Treasury, Biagio Mazzotta, added. The extra borrowing will probably push this year’s fiscal gap above 10% of gross domestic product ...

Govt crisis at v.delicate moment - Osservatore Romano 'Many complex challenges facing country' says Vatican daily 26 Gennaio 2021 ROME, JAN 26 - Italy's government crisis has come at "an extremely delicate moment," Vatican daily L'Osservatore Romano said Tuesday. "The challenges facing the country are many and complex: from delivering to Europe the definitive plan on the Recovery Fund to the definition of medium-term economic planning with the Economic and Financial Document (DEF), and a whole series of measures and incentives to get the economy, laid low by the pandemic, going again, such as...