Italy posted a public budget surplus of 5.7 billion euros ($6.77 billion) in July, compared to a deficit of 7.2 billion euros in the same month last year, the Treasury said in a statement on Monday. This difference is mainly due to an increase in tax revenue. The Treasury said …
Read More »Italy’s PM Calls for More Stimulus to Support Recovery
The Prime Minister of Italy, Mario Draghi, has called for more stimulus in Europe to restore pre-pandemic economic growth. The former President of the European Central Bank (ECB) believes the lingering uncertainty provides ground for more monetary and fiscal stimulus, calling for extra efforts. Draghi says that after protecting the …
Read More »Italy Lifts Quarantine Restrictions For Those Coming From Europe, Britain, And Other Countries
The Italian Ministry of Health said that the country will lift quarantine restrictions for travelers from countries of the European Union, the Schengen area, Britain and Israel, starting May 16. Currently, those coming from these countries are subject to a five-day quarantine, with an obligation to undergo an examination before …
Read More »Italy Records 331 Deaths From The Coronavirus
The Ministry of Health said that Italy recorded 331 deaths related to the Coronavirus today, Sunday, compared to 344 the previous day, while the number of daily infections decreased to 15 thousand and 746 after it was 17,567 the previous day. Italy has recorded 114,254 deaths related to Covid-19 since …
Read More »Italy Records More Than 18 Thousand New Cases of Corona
The Italian Ministry of Health said that it recorded 326 deaths from the Coronavirus today, Sunday, compared to 376 yesterday, while the daily number of new infections decreased to 18 thousand and 25 from 21 thousand and 261. Italy has recorded 111 thousand and 30 deaths from the virus since …
Read More »Italy Posted a Deficit of 5.2% of GDP in Q4
The Italian National Institute of Statistics said that Italy’s budget balance has shifted to recording a deficit of 5.2% of GDP in the Q4 of last year, compared to a surplus of 1.9% in the same period of 2019. The institute stated that over the whole year, the deficit recorded …
Read More »Reuters: Italy to Cut 2021 GDP Growth Forecast to 4.1% From 6.0% –
The Italian government is set to lower its 2021 Gross Domestic Product (GDP) growth forecast in April’s publication to 4.1% from 6%, Reuters reported on Monday, citing three government sources familiar with the matter. On a positive note, the 2022 growth forecast is expected to be hiked to 4.3% from …
Read More »Italy Announces a Plan to Vaccinate at Least 80% of The Population Against Corona by September
Italy said on Saturday it aims to vaccinate at least 80% of its population against COVID-19 by September by ramping up its daily vaccination campaign. Francesco Paolo Vignolo, the new special commissioner for the Coronavirus, announced a general plan to distribute 500,000 vaccine doses per day, according to a statement …
Read More »Italy: Producer Prices Fall to Their Lowest Since 2019
Italy’s producer prices fell 0.3% year-on-year in January 2021, after a 1.8% decline. It is the nineteenth consecutive month in which producer prices have fallen, but it is the softer one since July 2019. On a monthly basis, producer prices rose 1.4% in January, the largest number since July 2018.
Read More »OECD Raises Expectations for Global Growth in 2021
The Organization for Economic Cooperation and Development (OECD) expects the global economy will expand by 5.6% in 2021, raising its forecast for growth compared with an estimated rate of 4.2% in the previous report. The OECD report issued on Tuesday noted that recovery from the Coronavirus impact this year will …
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