On Wednesday 27 September, the Italian authorities cut their growth forecasts for 2023 and 2024 and raised public deficit forecasts for the same period.
According to a revision of the ‘Economic and Financial Document’ (DEF), growth will fall to 0.8% of GDP this year and 1.2% next year, compared with 1.0% and 1.5% respectively, forecast in April.
According to the Italian Finance Minister, Giancarlo Giorgetti, the economic situation has deteriorated due to the “tightening of monetary...