PM Giorgia Meloni said today that preparing the 2024 budget “with limited resources” was “the real challenge” her government faced. Focus will be on helping families, low-earners and health care, she said.
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Italy’s bank stocks regained much of the value they lost on Tuesday after clarification from the government. The 40% windfall tax will be capped at 0.1% of an institutes’ assets.
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A round-up of the top business and economy news on 1st August 2023.
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Italy’s economy is growing “beyond expectation”, making it the most reliable country in the Eurozone, Premier Giorgia Meloni said on today.
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Istat released the employment figures for April today showing an increase of 48,000 over March. The number of people looking for work dropped by 14,000 in the same period.
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The price of unleaded fuel drops to its lowest average price in 11 months. Meanwhile, house prices rise by 5.2% compared to last year.
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Italy’s net energy import costs are set to more than double this year, the economy minister said. He added the warning, Rome cannot not spend indefinitely to cushion the blow on the economy.
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Italy’s next government cannot expect Brussels to renegotiate the fundamentals of a €200bn EU-funded Covid-19 recovery plan warns EU economic commissioner. Rome must stick to its reform pledges.
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Italy and Spain are helping drive the eurozone out of recession following a stronger than expected expansion in the second quarter of 2021.
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