By Giuseppe Fonte and Giancarlo Navach CERNOBBIO, Italy (Reuters) - Itay can still achieve economic growth of 1% this year despite the fall in output ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSCERNOBBIO, Italy - Itay can still achieve economic growth of 1% this year despite the fall in output reported in the second quarter, Economy Minister Giancarlo Giorgetti said on Sunday.
"The government plans to maintain the forecasts of 1% in 2023, but inevitable external variables are radically changing the picture," Giorgetti said, speaking at The European House-Ambrosetti economic forum. Italy is preparing a difficult 2024 budget in which it will seek to reaffirm Prime Minister Giorgia Meloni's commitment to keeping its deficit on a downward trend, leaving little leeway for stimulus.
"Next year's budget law will obey the purpose of limiting positions of advantage we can no longer afford and reward those who work and create real wealth, especially looking ahead to the main source of wealth production: children," Giorgetti said, indicating there might be tax breaks to help families.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Crypto hacks and frauds take their toll in August 2023: ReportImmunefi's report on the crypto landscape in August 2023 sheds light on the impact of hacks and frauds on the industry.
Read more »
Moody's lifts 2023 U.S. growth forecast, cuts China's for 2024By Marc Jones LONDON (Reuters) - Credit rating agency Moody's raised its 2023 U.S. economic growth forecast on Friday but cut its estimate next year ...
Read more »
N.S. fuel update for Sept. 1, 2023: Gas and diesel upSYDNEY, N.S. — Gas and diesel prices rose slightly after the Nova Scotia Utility and Review Board’s weekly price adjustment. In Cape Breton, gas is up by ...
Read more »
Moody's lifts 2023 U.S. growth forecast, cuts China's for 2024Market News
Read more »
CNE optimistic 2023 attendance will break last year’s 1.56 million visitor recordAs one of Canada’s largest fairs enters its final weekend, organizers of the Canadian National Exhibition are optimistic that this year's festivities will break the attendance record set last year.
Read more »