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The outlook for Italy's rating has been revised to "stable" from "positive." Moody's stated that Italy is making solid progress in meeting the objectives set out in its National Recovery and Resilience Plan.
Italian authorities aim to reduce the budget deficit to below 3% of GDP in 2025, which is lower than the previously projected 3.3% of GDP. The agency anticipates that Italy will start to progressively reduce its public debt from 2027 onwards.
Moody's analysts pointed out that reforms focused on enhancing public sector efficiency and improving the business environment may enhance Italy's economic growth potential.
source: ft.com
Italian authorities aim to reduce the budget deficit to below 3% of GDP in 2025, which is lower than the previously projected 3.3% of GDP. The agency anticipates that Italy will start to progressively reduce its public debt from 2027 onwards.
Moody's analysts pointed out that reforms focused on enhancing public sector efficiency and improving the business environment may enhance Italy's economic growth potential.
source: ft.com
