The new Italian government has
"difficult decisions" in store due to the country's high public
debt and the expected onset of recession in Europe, S&P Global
Ratings has said.
The ratings agency highlighted the "limited" room for budget
manoeuvre, with the debt set to be around 138% at the end of the
year and the deficit coming in at around 6.3%.
"Despite this, we do not expect imminent budget risks in the
transition to the new government," it said.
S&P forecasted negative growth of 0.1% for Italy in 2023, with
GDP expected to rise by 1.5% in 2024.
Giorgio Meloni is expected to become Italy's first woman premier
as her right-wing Brothers of Italy (FdI) party was the driving
force of the right coalition's victory in Sunday's general
election.
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