statebudget
Global debt rose by around $1.3 trillion (€1.2 trillion) in the first three months of this year, reaching a new record high of $315 trillion (€293.5), according to a new report by The Institute of International Finance (IIF). After three consecutive quarters of decline, the global debt-to-GDP ratio resumed its upward trajectory from January to March. Emerging markets are driving the trend, claimed the IIF, with the biggest increases coming from China, India and Mexico. Mature markets, whilst they recorded smaller increases, nonetheless have higher levels of indebtedness compared with emerging ...
Euronews (English)
Italy’s economy grew by 0.9% last year, exceeding a 0.7% forecast, the national statistics agency ISTAT confirmed on Friday. This modest victory was nonetheless tempered by a disappointing deficit figure for 2023, which came in at 7.2% of gross domestic product (GDP). The government had pencilled in a deficit of 5.3% for last year, although it was recorded at 8.6% in 2022. In response to the figures, Italy’s Minister of Economy and Finance, Giancarlo Giorgetti, placed some of the blame on the "irresponsible" superbonus scheme, a policy that helps Italians to renovate their homes through tax su...
Euronews (English)
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