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Italian debt to peak at 133.7% of GDP in 2014

EC estimates economic growth will offset expenses next year

25 February, 14:16
Italian debt to peak at 133.7% of GDP in 2014 (ANSA) - Strasbourg, February 25 - Italy's debt as a percentage of gross domestic product will rise to 133.7% this year but then begin to fall as economic growth improves, the European Commission said Tuesday. New expenses in 2014, including payments owed to private business, will add to total debt, it said.

But by next year, the debt-to-GDP will begin to drop thanks to a better economy.

The EC also lowered its economic growth forecast for Italy this year to 0.6% from 0.7%.

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