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In our weekly podcast, Macro Strategy Views, we focus on topical macro and market themes targeting investors and trading corporates. Today, we focus on Italy. Thomas Harr, Global Head of FI&C Research, chairs today’s podcast and our Euroland economist Aila Mihr joins him.
There is currently a three-party power play going on in the Italian government. The 2019 budget deficit is likely to end up at 1.9-2.4% of GDP. It is very unlikely that the deficit will break the EU’s 3% rule. Italian debt is likely to perform well into the budget announcement 27 September. Medium term, there are reasons to be worried. Click on the link below to hear the podcast. |