A 2013 revised downwards, but now the recovery appears on the horizon. The Government has cut the estimate of gross domestic product this year (-1,7%, against the -1,3% expected in April). The move was revealed in the report sent today by the executive to Parliament, after the passage to the Council of Ministers on August 28, anticipated this morning by Il Sole 24 Ore.
The target "within the 3% threshold" has been confirmed as regards the deficit/GDP ratio, a goal that Prime Minister Letta and Economy Minister Saccomani intend to achieve thanks to the measures contained in the Imu-Cig-esodati decree.
The Government is aiming for a return to growth in the fourth quarter and sees "favorable prospects for 2014".
At the moment, the executive confirms the achievement of a balanced budget in structural terms, but attention will be needed, because even a minimal overrun would lead to the ceiling of 3% of GDP being exceeded and the reopening, by Brussels, of the infringement procedure for excessive deficit.
