Economics

Italy Won't Budge on Deficit, May Cede on Growth, Privatizations

Tria says economic targets not matter for political compromise
Il Sole 24 Ore says 2019 budget gap to remain at 2.4% of GDP

Can Italy boost output amid the escalating standoff between Brussels and Rome? Bloomberg’s Maria Tadeo reports.(Source: Bloomberg)

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By Lorenzo Totaro and John Follain

November 13, 2018 at 8:02 AM UTC

Updated on

November 13, 2018 at 1:05 PM UTC

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Italy’s populist government may offer a minor concession to the European Commission by lowering next year’s economic forecast, while sticking to its deficit target, in a resubmitted budget due in Brussels within hours.

A revision with only minor changes would push the two sides to an unprecedented showdown: