venerdì, aprile 16

Tag: Italy

Italy has no fiscal space for debt&. Included in high-risk countries along with Greece, Japan

News Sicilia
Cyprus, Greece, Italy and Japan have no so-called fiscal space to accommodate their public debt, the International Monetary Fund said in a report Tuesday. Fiscal space is defined as the difference between the debt limit and the current debt-to-GDP ratio. A Moody's Analytics table based on May 2014 estimates shows Italy among "high-risk countries" because of a lack of fiscal space, as against Norway's 246 percentage points of fiscal space. The economic crisis has driven public debt of advanced economies to its highest peaks in the past 40 years, an International Monetary Fund (IMF) study showed Tuesday. The debt increase came as primary surpluses turned into deficits and growth slowed down. Advanced economies had average surpluses of 2.1% in 2008, which turned into average deficits of 4.4%...

Italy emerges from recession, Q1 growth. Policy-makers urge greater economic reforms

News Sicilia
As new statistics Friday confirmed that Italy has pulled out of recession, politicians and policy makers cautiously cheered and said it was important to make the most of the new strengthen by advancing economic reforms. Italy is in "the very advanced stage of convalescence" as it recovers from recession, Economy Minister Pier Carlo Padoan said at G7 meetings in Germany. He spoke after Istat, Italy's national statistics agency, confirmed preliminary estimates and said that in the first quarter of this year, the economy grew by 0.3% after a loss of 0.3% in the final three months of 2014. That marked the first quarter of growth in almost two years - since September 2013. Italy is "no longer the sick man of Europe", added Premier Matteo Renzi. Buttressing the new statistics on growth in gross ...