Italy Won’t Reduce Vast Debt Pile Anytime Soon, IMF Warns
- 2028 outlook for borrowings is higher than April projection
- Ratio is ‘serious’ vulnerability, Bank of Italy official said
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Italy will now still be stuck with a debt burden above 140% of gross domestic product even in five years’ time, according to the International Monetary Fund.
Predictions by the Washington-based lender for the euro zone’s third-biggest economy show its pile of borrowings barely shrinking over the next half decade.