Economy

Italy hikes deficit targets as economic growth weakens | Reuters News Agency

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EconomyGovernment

Reuters was first to report that the Italian government on Wednesday cut its growth forecasts for this year and next and hiked its budget deficit targets, as rising interest rates hurt the economy and costly green building incentives weigh on public finances.  

Market Impact

Italy, which has the euro zone’s second largest debt pile as a proportion of output, is under growing scrutiny from investors concerned about its weakening economy and fiscal slippage.

Article Tags

Topics of Interest: EconomyGovernment

Type: Reuters Best

Sectors: Economy & PolicyFinancial ServicesGovernment & Public Services

Regions: Europe

Countries: Italy

Win Types: Speed

Story Types: Exclusive / Scoop

Media Types: Text

Customer Impact: Significant National Story

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