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Tag: Italy

Italy Focuses on Growth, Puts Halt on Austerity

Apr 18 2012 16:31:18 in Market

 News Italian PM Monti said that reviving economic growth now had to take priority over austerity drive PM Monti said Italy will have 2013 "structural" budget surplus Italy's new forecasts raise the 2012 deficit target marginally to 1.7 pct of GDP from 1. Read more

Italy Raises 2013 Budget Deficit Forecast To 0.5%

Apr 18 2012 15:01:05 in Market

Italy's government increased the budget deficit forecast for 2013 to 0.5 percent of gross domestic product from 0.1 percent previously. The Cabinet led by Prime Minister Mario Monti announced in a statement on Wednesday that the structural budget surplus of the country would be 0. Read more

Italy to Miss Target in 2012 and 13, Public Debt to rise Despite of Austerity Measures - Imf

Apr 17 2012 16:31:08 in Market

News Italy's deficit would fall this year to 2.4 pct of output and would decline to 1.5 pct in 2013 - IMF Fiscal Monitor report Govt will publish its own updated economic forecasts on Wednesday, which are expected to sharply cut its current forecast. The tax burden will jump to 48. Read more

Excellent if Italy Nears to Its 2013 balanced Budget - Bank of Italy Deputy

Apr 17 2012 16:01:08 in Market

News Bank of Italy deputy governorsaid that it would be an excellent result if Italy even gets close to its target of a balanced budget in 2013 He said that any deficit below 1 pct of GDP should be considered close to balance. Read more

Italy delays Discussion of Macroeconomic Forecasts to Wednesday

Apr 16 2012 09:31:04 in Market

News The Italian Govt has delayed a discussion planned for Monday of its macroeconomic forecasts, a cabinet statement said. The statement did not mention the reason for the delay. .  The material has been provided by Instaforex Company - instaforex. Read more

Italy sees Slightly Less Than 1.3 Pct 2012 Contraction -Junior Official

Apr 16 2012 08:31:14 in Market

News Italy expects ITS economy to contract slightly less than 1.3 pct in 2012, a junior minister in the economy ministry said The Govt previous forecast for 2012 was to contract by 0.4 pct. However the Bank of Italy has forecast -1.5 pct, the European Commission has forecast -1. Read more

Research: Italy Likely to Experience to another Sharp Decline in Gdp in Q1

Apr 13 2012 12:31:13 in Market

Quotes from Societe Generale Cross Asset Research: -We now know that Spanish and Italian banks borrowed half of ECB' OMO in March. Disinflation is ongoing but very gradually and unevenly, owing to higher energy prices, while significant divergences remain between countries. Read more

Italy March Inflation Confirmed At 3.8%

Apr 13 2012 10:31:14 in Market

Italy's EU harmonized consumer prices increased as previously estimated in March, final data released by statistical office Istat showed Friday. The harmonized index of consumer prices (HICP) increased 3.8 percent on an annual basis in March, in line with the preliminary estimates. Read more

Italy Industry Output Declines 0.7 Pct M/m in Feb

Apr 13 2012 09:01:05 in Market

News Italian industrial output was weaker than expected in Feb, falling 0.7 pct after a revised 2.6 pct fall the month before, data showed Economists expected decline 0.2 pct m/m in industrial output The industrial output in Germany slipped 0.3 pct m/m in Feb while French output edged up 0.3 pct. Read more

Italy Grilli says Auction in Line With Expectations Under Current Market Conditions.

Apr 12 2012 11:31:05 in Market

News Italy deputy economy minister Grilli said that the outcome of today's auction went as expected, demand was strong and yields in line with current market conditions Grilli also said that trasury has decided not to meet all the demand because as of now,  there is no urgency to fund itself... Read more

Italy 3-Yr Debt Costs Rises Steeply at Auction

Apr 12 2012 10:31:06 in Market

News Italian 3-year borrowing costs rose more than a full percentage point at an auction boosted by fresh concerns about weaker euro zone states Italy paid 3.89 pct to sell its three-year March 2015 bond, up from 2.76 pct at an auction a month ago. The 2.88 billion euro sale was covered 1. Read more

Italy to Slash 2012 Gdp Forecast in Tandem With Eu- Deputy Economy Minister

Apr 11 2012 15:31:07 in Market

News The Italian Govt will cut its 2012 economic growth forecast "fairly consistent" with recent EU forecasts, deputy Economy Minister Vittorio Grilli said The current official Italian forecast is for a growth contraction of 0.4 pct. Read more

Italy Is more prepared and organized\" Than It Was Last Year says Ind Min

Apr 11 2012 11:31:03 in Market

News Italian Industry Minister Corrado Passera said that Italy is much more prepared and organized for high yields than last year Passera said the widening spread between the German and Italian 10-year benchmark bonds this week was due to gloomy economic conditions outside Italy and not due to co... Read more

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