Italy to Stick to 5,6% Deficit Target Despite Slashing Growth Outlook
KONTAN.CO.ID - ROME. Italy plans to confirm its 2022 budget deficit target at 5,6% of national output, two sources close to the matter told Reuters. Despite, coalition pressure to sharply hike borrowing as the growth outlook deteriorates.
Mario Draghi's government is preparing to slash its growth forecast for this year to 2,8% from a previous 4,7% goal made in September, the sources said. Amid surging energy costs and turmoil linked to Russia's invasion of Ukraine.
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