Economics
Italy Needs Deficit to Spur Growth, Gualtieri Tells La Stampa
Pedestrians walk through Duomo Square in Milan.
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Italy is set to keep its economic policy expansionary next year to support its coronavirus-battered economy, as agreed with European Union partners, Finance Minister Roberto Gualtieri said in an interview with La Stampa Sunday.
That could require widening the deficit further next year to support economic growth, but that won’t impact a planned reduction after 2021 and will allow Italy to reach its growth targets, he said.