Italy’s public finances are expected to deteriorate if the current fiscal policy continues, according to a report published on Monday by the Paris-based Organization for Economic Cooperation and Development (OECD).
By 2030, the OECD expects Italy’s debt burden to rise between 144% and 156% of GDP, up from the current level of 133%. In the short run, Italy’s 2019 deficit will rise to 2.5%, climbing to 3% in 2020. At the same time, the OECD expects the Italian economy to contract by 0.2% and expa...
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