Also according to the rating agency, Italian GDP will grow by 6.2% this year, while it will be 4.3% in 2022. The rating company expects a deficit for Italy of 8.9% in 2021 , an improvement on the previous estimate of 11.4%
Fitch has announced that it has raised Italy’s rating to BBB from BBB-. For the international agency, our country’s outlook is stable.
Also according to Fitch, Italian GDP will grow by 6.2% this year. On the other hand, the agency’s note estimates growth of 4.3% in 2022.
Fitch: Italy’s public finances improve with strong recovery
According to Fitch, “the strong economic recovery” of our country has a concrete effect on public finances. The rating company expects a deficit for Italy of 8.9% in 2021, an improvement on the previous estimate of 11.4%. The decline in debt below 154% of GDP by the end of 2021 is also likely: numbers lower than the peak of 155.6% at the end of 2020.
Treasury Ministry: solidity of the government’s choices confirmed
The Treasury commented on Fitch’s decisions on Italy: “They confirm the solidity of the economic policy pursued by the Government and the need to continue vigorously on the path of reforms and investments, according to the plan agreed with Europe”, it explains. “Fitch’s decision to raise Italy’s rating to BBB crowns a series of positive ratings issued by five other rating agencies, which in recent weeks have improved their outlook on the country”.