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IMF: Italy's debt rises to 159.7% in 2021, it is sustainable

2021-01-28T13:28:49.838Z


The Italian debt is expected to rise to 159.7% in 2021 from 157.5% in 2020. This was stated by the IMF by revising the estimates for Italy compared to October, when it forecast a debt of 161.8% for 2020 and 158.3% this year. (HANDLE)


(ANSA) - NEW YORK, JAN 28 - The Italian debt is expected to rise to 159.7% in 2021 from 157.5% in 2020. This was stated by the Fmir, reviewing the estimates for Italy compared to October, when it expected a debt of 161 8% for 2020 and 158.3% this year.


    "Italy's public debt is sustainable, supported by low interest rates and an expected recovery in growth," says Vitor Gaspar, the head of the Fiscal Monitor. As for the deficit, the IMF explains that in 2020 it stood at 10.9%. The Fund also improved its estimates of the Italian deficit compared to last October, when it estimated a 13%. For this year, the forecast is for a deficit of 7.5%, worsening from the 6.5% estimated in October. (HANDLE).


Source: ansa

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