Edition:
India

Gavin Jones

Italy Q1 GDP sharply revised down to -5.3% quarter-on-quarter as coronavirus takes heavy toll

29 May 2020

ROME Italy's economy shrank 5.3% in the first quarter from the previous three months, national statistics bureau ISTAT said on Friday, the steepest drop in gross domestic product since the current series began in 1995.

Italy May business and consumer morale slammed by coronavirus

28 May 2020

ROME Morale amongst Italian businesses and consumers plunged to multi-year lows in May, data showed on Thursday, as sentiment was shattered by the coronavirus epidemic and government-imposed restrictions to try to curb it.

Ordinary Joe no cure for Italy's debt disease

18 May 2020

LONDON As Italy's already massive public debt soars further due to the coronavirus crisis, its authorities are calling on ordinary citizens to help fund recovery efforts. The plan could aid immediate financing needs but will do little to allay eventual default risks.

EU proposes scrapping usual conditions for ESM use in virus battle

08 May 2020

ROME The European Commission on Thursday proposed scrapping the usual conditions for countries using the euro zone's bailout fund as they try to revive their economies hit by the coronavirus epidemic.

Italy's coronavirus death toll far higher than reported: stats office

04 May 2020

ROME Italy's coronavirus death toll is much higher than reported, statistics bureau ISTAT said on Monday in an analysis pointing to thousands of fatalities that have never been officially attributed to COVID-19.

Italy's coronavirus death toll far higher than reported - stats office

04 May 2020

ROME Italy's coronavirus death toll is much higher than reported, statistics bureau ISTAT said on Monday in an analysis pointing to thousands of fatalities that have never been officially attributed to COVID-19.

Italy's lockdown easing spells hope, worry and confusion

03 May 2020

ROME Weary of Europe's longest coronavirus lockdown, Italians have had Monday circled in their diaries for a month since Prime Minister Giuseppe Conte first suggested it could be the date life returned to something nearing normal.

Fitch cuts virus-hit Italy's credit rating to just above junk

29 Apr 2020

ROME Rating agency Fitch cut Italy's credit rating to "BBB-minus" on Tuesday, just one notch above junk, saying the downgrade reflects the impact of the coronavirus pandemic on the euro zone's third largest economy.

Italy targets surge in public debt as coronavirus impact bites

24 Apr 2020

ROME Italy on Friday targeted its budget deficit at 10.4% of gross domestic product this year and said the public debt would rise to 155.7% of GDP, the highest level since World War II.

Italy targets 2020 deficit at 10.4% of GDP, debt at 155.7% - draft government document

24 Apr 2020

ROME Italy is targeting its budget deficit at 10.4% of gross domestic product this year and sees the public debt rising to 155.7% of GDP, according to a draft forecasting document obtained by Reuters.

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