The European Commission
said on Thursday that "after the peak of 2015," Italy's public
debt in 2016 will fall "only slightly, in part because the
structural deficit is deteriorating". The Commission revised up
its 2016 debt forecast for Italy to 132.4% of GDP, compared to
the 132.2% it predicted in November. It said Italy's debt-to-GDP
ratio will be 130.6% in 2017, up from its previous forecast of
130%. But is also estimated that Italy's debt last year stood at
132.8%, rather than 133% in its November forecast.
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