S&P confirms the BBB rating for Italy and raises the outlook to 'positive' from 'stable'. This is what emerges from the tables published on the rating agency's website. The upward revision of Italy's outlook by S&P is linked to the Draghi government's commitment to carry out pro-growth reforms: "we expect a strong recovery driven by investments in 2021 and 2022", with the GDP of Italy above the levels of 2019 with a year ahead of forecasts ". S&P affirms this in a note, underlining that the" clear strengthening of the commitment to pro-growth reforms, and the positive consequences that growth will have on public accounts ", led to the revision of the outlook. S&P estimates a 6% GDP growth for Italy.year and 4.4% in 2022.
The Italian deficit will amount to 8.8% of GDP in 2021, and will drop to 5.8% in 2022. This is predicted by S&P, according to which the public debt at the end of 2021 will be 144% of GDP.
"The key to reducing high debt levels is growth," says S&P according to which the Draghi government should ensure the implementation of its ambitious reform program.
