Rumors that Draghi and Visco will leave the ECB to head Italy Italian Premier Matteo Renzi spoke to La Repubblica on the weekend after rumors that Bank of Italy leader Ignazio Visco will replace him and that ECB President Mario … Continue reading
The busy bees at ISTAT have got the hump with something so the business confidence data is going to be delayed by about an hour report Livesquawk.
Italy will lower its 2014 GDP forecast to -0.2% or -0.3% from the +0.8% current forecast, according to Reuters who cites an unnamed source. At the same time, the Treasury will hike its debt-to-GDP forecast to 2.8% from 2.6% and … Continue reading
Says risks for Italy are still tilted to the downside Sees possible gradual increase in output in next quarters Sees 1.1% growth in 2015 (slightly below official forecasts of 1.3%) Stresses urgency of labour market reforms Sees Italian public debt … Continue reading
Labour tax cuts for business is not enough Italy shouldn’t look at Spanish labour market as a model (charming!) Says he’s ready to run the risk of losing next election to move forward with reforms Says growth in euro region … Continue reading
Comments in ANSA from Premier Renzi: Italy govt may further reduce labor taxation Lower euro would help Italian businesses The consensus for 2014 growth is 0% so no surprise there.
Some minor news from the weekend catch-up. Ignazio Visco, the governor of the Bank of Italy and a member of the ECB Governing Council said in a newspaper interview on Sunday: Its time for more expansive fiscal policy in euro … Continue reading
Italy’s statistical agency forecasts GDP in a range between -0.2% and +0.2% in Q3. The consensus is 0.0%. Italy is mired in recession after five consecutive months of negative growth. The country is slowly turning the corner but it looks … Continue reading
“Today’s figures present a mixed picture, but have to be considered in the context of economic conditions over the medium term” says EC spokesman Michael Jennings We have stressed the fragile nature of the economy and maintained that the greatest … Continue reading
Sees deficit to GDP ratio at 2.7% in 2014 & 2015 but with significant risk of upward revision Most analysts were looking for around 0.3% growth this year but the setback we saw last week is having a few of them … Continue reading