Italy will grow more than expected in 2017. The Bank of Italy raised its GDP growth estimates for the current year, taking them from +0,9% in January to +1,4%.
The figure had already been partially corrected to +1,3% after the revision of the results for the first quarter carried out by the National Institute of Statistics.
According to the Bank of Italy economic bulletin, the Gross Domestic Product will grow by 1,3% in 2018 and by 1,2% in 2019. According to the institute led by Ignazio Visco, la push will come from internal demanda, characterized by the expansion of consumption and investments "at a relatively sustained pace".
For the public debt on the other hand, in May, general government debt rose to 2.278,9 billion, up by 8,2 billion compared with April due to the general government's monthly borrowing requirement (7 billion), the increase in liquid assets of the Treasury (0,5 billion). The effect of spreads and premiums on issue and redemption, the revaluation of inflation-indexed securities and the change in the exchange rate (0,7 billion) also weighed heavily.
