economy archivos - Page 6 of 7

economy deficit - public debt to be tackled by government

Italy facing EC deficit proceedings and pensions shortfall

June 20, 2024June 20, 2024Deborah CaterLeave a Comment

The European Commission announced Wednesday that Italy is one of seven countries facing a deficit-based excessive deficit procedure. The other countries are Belgium, France, Hungary, Malta, Poland, and Slovakia.

March employment rate up

May 12, 2024May 12, 2024Deborah CaterLeave a Comment

Istat announced today that Italy’s employment rate reached a record high of 62.1% in March. It rose 0.3% with respect to February.

extra virgin olive oil (EVOO) from Italy in a bottle

Italians less likely to buy EVOO due to price hikes

March 9, 2024March 9, 2024Deborah CaterLeave a Comment

A survey reveals that one-third of Italians have scaled back their consumption of extra virgin olive oil (EVOO). A cornerstone of the Mediterranean diet, the drop in oil sales is due to soaring prices.

Italian economy headed for a tough year Italian debt misses EU target

Italy’s debt down to 140.6% of GDP but economic deceleration predicted

January 22, 2024January 22, 2024Deborah CaterLeave a Comment

In its most recent projection, the Bank of Italy anticipates a further deceleration in the country’s economy in 2024, coupled with a rise in inflation. However, Eurostat announced today that Italy’s debt to GDP ratio was down in the third quarter of 2023.

Zurich and Singapore - world's most expensive cities

The world’s most expensive cities

January 8, 2024January 8, 2024Deborah CaterLeave a Comment

The cost-of-living crisis which started in 2022 may have slowed slightly but western Europe accounts for 4 of the top 10 world’s most expensive cities. Milan is Italy’s highest placed city with a ranking of 80.

Senate approves 2024 budget

December 23, 2023December 23, 2023Deborah CaterLeave a Comment

On Friday, the Senate granted approval to the government’s 2024 budget bill, with 109 votes in favour, 72 against, and two abstentions.

Italian economy is at a standstill. Image credit : Image by masadepan on Freepik

Italian economy almost at a standstill and debt grows

December 16, 2023December 16, 2023Deborah CaterLeave a Comment

The Italian economy is in stagnation and in the fourth quarter of 2023 GDP growth is almost at a standstill, Italy’s leading industrial association Confindustria said today.

Italy gdp projections downgraded by Confindustria

Confindustria downgrades GDP growth projections

October 28, 2023October 28, 2023Deborah CaterLeave a Comment

The Confindustria research centre has downgraded its GDP growth projections following the tumultuous economic ride of the past three years. The organisations cautions the Italian economy is once again edging towards the modest growth rates that characterised it in previous decades.

Italy “badly needs” to ratify ESM reform

October 13, 2023October 13, 2023Deborah CaterLeave a Comment

Rome “badly needs” to ratify the reform of the ESM, Managing Director Pierre Gramegna said today.

2024 budget preparation a “challenge” – Meloni

September 12, 2023September 12, 2023Deborah CaterLeave a Comment

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.