Italy's Econony Minister sees third-quarter GDP rebound not far off 15%: paper
Reuters
Published Aug 09, 2020 04:24AM ET
Updated Aug 09, 2020 05:15AM ET
MILAN (Reuters) - Italy's economy will rebound strongly in the third quarter and should grow at a rate not far from 15%, Treasury Minister Roberto Gualtieri said on Sunday in a newspaper interview.
Gualtieri told daily La Repubblica the fall in gross domestic product (GDP) in the second quarter, estimated by the national statistics authority ISTAT at 12.4%, was a bit less than the government had expected.
"The rebound in the third quarter will probably be slightly lower than 15% but we believe not far from that number," he said, adding however that much would depend on how the coronavirus pandemic and the world economy developed.
Gualtieri also said the government planned to cut income tax (IRPEF) next year.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.