Economics
Italy Likely to Seek Extra Stimulus as Virus Outlook Worsens
- Wider budget deficit needed as restrictions are tightened
- More than 130 billion euros spent so far on economic support
Italy was forced to tighten coronavirus restrictions starting Monday in five regions, including the Milan and Turin areas.
Photographer: Francesca Volpi/BloombergThis article is for subscribers only.
Italy’s new government may soon seek parliamentary approval for more stimulus spending as a sluggish vaccination campaign and new coronavirus strains extend the nation’s reliance on fiscal support.
Prime Minister Mario Draghi’s administration is planning to distribute about 32 billion euros ($38 billion) that was approved by the parliament in January through a new decree called “sostegno” or “support,” according to people familiar with the matter.