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Italy GDP +5.3 in 2021, debt may stabilize - S&P

EU COVID funds to give 'strong boost' to public investments

Redazione Ansa

(ANSA) - ROME, FEB 22 - S&P said Monday it saw Italian GDP rising by 5.3% this year and said debt, which is expected to rise to just under 160% of GDP in 2020, may stabilize due to increased growth.
    It said the use of EU COVID recovery funds could give a "strong boost" to public investments, which have remained about 30% lower than the great financial crisis of a decade ago.
    It said the government's reform agenda would not impact Italy's credit rating. (ANSA).
   

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