Italy, among the countries worst hit by the coronavirus pandemic, expects to run a large budget deficit this year but it will help fund strong growth in 2021, the government's outlook showed Tuesday.
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A street seller carries straw hats and caps outside the Colosseum monument on August 22, 2020 in Rome during the COVID-19 infection, caused by the novel coronavirus. - Italy has recorded its highest number of coronavirus infections since May 23, with 845 new cases reported over the last day, health ministry officials said on August 20. Italy in May emerged from a severe lockdown after becoming one the first European countries to report cases of COVID-19. (Photo by Vincenzo PINTO / AFP)
2020-10-06 15:08:03
Italy, among the countries worst hit by the coronavirus pandemic, expects to run a large budget deficit this year but it will help fund strong growth in 2021, the government's outlook showed Tuesday.
This year's budget deficit, the shortfall between government revenues and spending, will come in at 10.8 percent of GDP, falling to 7.0 percent next year.
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