Italy sees debt ‘surely’ staying below 140% of GDP this year

A Piaggio Vespa vintage model with an Italian flag on the saddle in the street in Siena. — Bloomberg

ROME: Italy’s government expects debt this year to “surely” stay below 140% of gross domestic product.

Speaking to reporters on the sidelines of the Ambrosetti Workshop in Cernobbio, Italy, Finance Ministry undersecretary Federico Freni said the country’s expected growth will be “around 1%” in 2024.