New Italian govt faces 'difficult decisions' - S&P

(ANSA) - ROME, SEP 27 - The new Italian government has "difficult decisions" in store due to the country's high public debt and the expected onset of recession in Europe, S&P Global Ratings has said.
    The ratings agency highlighted the "limited" room for budget manoeuvre, with the debt set to be around 138% at the end of the year and the deficit coming in at around 6.3%.
    "Despite this, we do not expect imminent budget risks in the transition to the new government," it said.
    S&P forecasted negative growth of 0.1% for Italy in 2023, with GDP expected to rise by 1.5% in 2024.
    Giorgio Meloni is expected to become Italy's first woman premier as her right-wing Brothers of Italy (FdI) party was the driving force of the right coalition's victory in Sunday's general election. (ANSA).