CERNOBBIO, Italy (Reuters) -Italy sees its economy broadening by at least 1.2% in 2025, a Treasury junior minister informed Reuters, as the federalgovernment prepares its medium-term structural spendingplan strategy to be sent to the European Commission by Sept. 20.
Italian everyday Il Sole 24 Ore reported on Sunday Rome would set a 2025 GDP development target of 1.3% or 1.4% when factoring in the expansionary effect of prepared tax cuts and greater costs. Excluding policy modifications, Rome anticipates development of 1.1% next year, the paper included.
“An pricequote of 1.2% for 2025 works, if it is greater we will be pleased,” Economy Ministry Undersecretary Federico Freni informed Reuters on the sidelines of the TEHA organization onlineforum in Cernobbio.
Last April the Treasury projection gross domestic item development of 1% this year and 1.2% in 2025 under a no-policy-change scen