Italian deficit expected to decline

29/1/2011 00:00:00

The International Monetary Fund (IMF) reviews in positive the estimates published in November and brings the figure for the deficit in 2011 to 4.3% of GDP, down from 5% last year, with a further decline to 3.5% in 2012. The data are anyway below the euro area average. As for the debt, the IMF forecasts for Italy an increase from 118.7% registered this year to 120.1%.

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