Economics
Italy Is Said to See Deficit at 10.4% of GDP at the End of 2020
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The Italian government expects the budget deficit to stand at 10.4% of gross domestic product at the end of the year, according to a report seen by Bloomberg News.
Prime Minister Giuseppe Conte and Finance Minster Roberto Gualtieri reported the figure to parliament as they presented budget plans designed to shield the fragile economy from a resurgence of the coronavirus. They underlined the uncertainty around forecasts for the year.