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economy deficit - public debt to be tackled by government

Italy plans public debt reduction and defence spending rise

October 3, 2025October 3, 2025Deborah CaterLeave a Comment

Italy is moving to tackle its high public debt while planning a gradual increase in defence spending, Economy Minister Giancarlo Giorgetti said on Thursday. He spoke in the introduction to the government’s DPFD public finance plan, approved by Premier Giorgia Meloni’s cabinet.

construction and housing still growing though pace has slowed. Image: PickPik

Construction and housing markets grow in Italy

September 19, 2025September 19, 2025Deborah CaterLeave a Comment

Italy’s construction and housing markets continued to grow in mid-2025, though the pace of expansion slowed compared with earlier months. Both sectors posted steady gains, highlighting resilience despite economic pressures.

Food prices in Italy 30% higher than 2019

September 10, 2025September 10, 2025Deborah CaterLeave a Comment

Rome, 10 September 2025 – After two months of stability, food prices in Italy rose by 0.4% in August, ISTAT reported. That marks a 1.4% increase since January and a 4% rise year-on-year compared with August 2024, up from July’s 3.7%.

Finance Minister Giorgetti who defended the Senate approved 2025 budget. He has slammed EU budget rules as stupid and seseless. Budget bill for 2026 has amendments

Italy slams “stupid and senseless” EU budget rules

June 20, 2025June 20, 2025Deborah CaterLeave a Comment

Italy’s Economy Minister Giancarlo Giorgetti has called for urgent changes to European Union budget rules, branding them “stupid and senseless” during talks with eurozone counterparts in Luxembourg on Thursday.

Transactions linked to terrorist financing rose in 2024

June 10, 2025June 10, 2025Deborah CaterLeave a Comment

Reports of suspicious transactions related to terrorist financing rose in 2024, according to the Financial Intelligence Unit (UIF) at the Bank of Italy.

economic outlook is fragile for Italy says IMF. Image credit: istock

IMF warns Italy economic outlook remains fragile

May 29, 2025May 29, 2025Deborah CaterLeave a Comment

Rome, May 29, 2025 – The International Monetary Fund (IMF) has urged Italy to maintain fiscal discipline and press forward with structural reforms, warning that the country’s economic outlook remains fragile despite recent gains.

Italy stands firm refusing to ratify ESM reform

Italy under pressure to ratify ESM reform

May 12, 2025May 12, 2025Deborah CaterLeave a Comment

Italy came under renewed pressure on Monday to ratify the reform of the European Stability Mechanism (ESM), as several EU finance ministers raised the issue during the Eurogroup meeting in Brussels.

Italy's GDP increased slightly in q3 2022 GDP growth in Q1 2025

Small GDP growth in first quarter of 2025 and inflation rises to 2%

May 1, 2025May 1, 2025Deborah CaterLeave a Comment

Italy’s economy grew by 0.3% in the first quarter of 2025 compared to the final three months of 2024, according to preliminary data released on Wednesday by national statistics agency Istat. The year-on-year growth rate stood at 0.6%, with a carry-over annual GDP growth of 0.4%.

Meloni says there is growth in real wages

May 1, 2025May 1, 2025Deborah CaterLeave a Comment

Italian Premier Giorgia Meloni claims real wages are finally rising in Italy, reversing a decade-long decline in purchasing power. Her remarks came in a video statement released after a cabinet meeting on Tuesday.

The potential for a trade war as Trump threatens EU with tough tariffs. US tariffs hit Italy hard

Italy and EU work on US tariffs response

April 3, 2025April 3, 2025Deborah CaterLeave a Comment

Premier Giorgia Meloni met with a ministerial taskforce on Thursday to discuss the US tariffs announced by President Donald Trump. She cancelled her engagements for the day to coordinate Italy’s response, sources said.