Martedì 18 Giugno 2019 | 11:01

NEWS DALLA SEZIONE

Rome
Extraordinary CSM plenary session June 21

Extraordinary CSM plenary session June 21

 
Rome
54,000 would-be navigators at selection, 73% female

54,000 would-be navigators at selection, 73% female

 
Beijing
Vinitaly China roadshow kicks off, first stop in Beijing

Vinitaly China roadshow kicks off, first stop in Beijing

 
Rome
Italy most credible US interlocutor in EU says Salvini

Italy most credible US interlocutor in EU says Salvini

 
Rome
OECD says minimum wage in Italy not solution

OECD says minimum wage in Italy not solution

 
Le Bourget
Justice reform with oppositions says Conte

Justice reform with oppositions says Conte

 
Rome
4 youths assaulted over 'anti-Fascist' T-shirt

4 youths assaulted over 'anti-Fascist' T-shirt

 
Beijing
Vinitaly begins road show in China, first stop Beijing

Vinitaly begins road show in China, first stop Beijing

 
Le Bourget
Justice reform with oppositions says Conte

Justice reform with oppositions says Conte

 
Paris
No to primacy of finance in Europe - Conte

No to primacy of finance in Europe - Conte

 
Aosta
No Italians killed by Pakistan avalanche - rescuers

No Italians killed by Pakistan avalanche - rescuers

 

Il Biancorosso

CALCIO MERCATO
Il Monopoli sulle tracce di Barretoriparte dalla Puglia l'avventura ?

Il Monopoli sulle tracce di Barreto, riparte dalla Puglia l'avventura ?

 

NEWS DALLE PROVINCE

Foggianel Foggiano
Poggio Imperiale, morta Nonna Peppa, la donna più anziana d'Europa

Poggio Imperiale, morta Nonna Peppa, la donna più anziana d'Europa

 
MateraNel Materano
Boom case vacanza nel Metapontino, terza località in Italia

Boom case vacanza nel Metapontino, terza località in Italia

 
LecceConcerti
Lecce vuole Il Volo: il progetto di sicurezza per Piazza Duomo

Lecce vuole Il Volo: il progetto di sicurezza per Piazza Duomo

 
BatDal geologo Dellisanti
Minervino Murge, scoperta nuova grotta carsica

Minervino Murge, scoperta nuova grotta carsica

 
BariLa storia
Bari, invalida al 100%: da 4 anni in lotta con l'Inps per indennità accompagnamento

Bari, invalida al 100%: da 4 anni in lotta con l'Inps per indennità accompagnamento

 
TarantoCittà nostra
Taranto, chiuse indagini su due clan: sotto accusa 31 persone

Taranto, chiuse indagini su due clan: sotto accusa 31 persone

 
PotenzaRegione Basilicata
Potenza, più soldi per i portaborse: il Consiglio studia una legge ad hoc

Potenza, più soldi per i portaborse: il Consiglio studia una legge ad hoc

 
BrindisiL'incidente
Ceglie Messapica, parco giochi pericoloso: bimbo in ospedale

Ceglie Messapica, parco giochi pericoloso: bimba in ospedale

 

i più letti

Davos

IMF slashes 2019 Italy growth forecast to 0.6% too

You're a risk factor not us says Salvini

IMF slashes 2019 Italy growth forecast to 0.6% too

Davos, January 21 - The International Monetary Fund said Monday that it revised down its GDP growth forecast for Italy for 2019 to 0.6%, down from the 1% it predicted in October - in line with a similar reduction in forecast by the Bank of Italy last week. The IMF kept its forecast of 0.9% growth for 2020, it said in a statement. "We have revised downwards our forecasts for advanced economies slightly, mainly due to downward revisions for the euro area," the IMF said. The IMF said that Italy's financial situation was among the main risk factors for the global economy. "In Europe the Brexit cliffhanger continues, and the costly spillovers between sovereign and financial risk in Italy remain a threat," the IMF said in an update of its World Economic Outlook. The Fund added: "Within the euro area the significant revisions are for Germany, where production difficulties in the auto sector and lower external demand will weigh on growth in 2019, and for Italy where sovereign and financial risks and the connections between them are adding headwinds to growth". Deputy Premier and Interior Minister Matteo Salvini hit back against the IMF's statement labelling Italy a global risk factor. "Is Italy a threat and a risk for the global economy? "On the contrary, the IMF is a threat to the worldwide economy, with its recent history of economic recipes featuring mistaken forecasts, few successes and many disasters," anti-migrant Euroskeptic League leader Salvini told reporters in Rome. The other deputy premier, Industry and Labour Minister Luigi Di Maio said the International Monetary Fund's listing Italy and Brexit as global growth threats "does not discourage us" and there is "no turning back" on economic policy. "The European Commission president has already replied to the IMF saying they were wrong to trust the IMF on Greece with austerity," he said. "We are creating a new welfare state: we're aren't turning back, vis-a-vis people who actually define Italy one of the causes of the economic recession. "We can't accept it...If they think they can discourage us with some figures they're wrong: there's no turning back". Economy Minister Giovanni Tria said Italy is a not a risk factor for the global economy but the IMF's own policies are. "I don't think Italy is a risk, either for the EU or globally," he said. The risk, he said, came from the "policies advised by the IMF". At the IMF and at the European Commission, he said, "(they say) you must accumulate fiscal buffers to be ready and have the space to react in case of crisis, but with this thesis you don't see that in order to accumulate means to react to the crisis you create the crisis". Tria said "our public finances don't run any risk, first of all because they are estimated on a yearly estimate of 0.6%. Our commitments with the (European) Commission regard the structural deficit which therefore is not subject to a variation of the changing short-term trend". Tria also ruled out a supplementary budget saying there will only be one "if revenues and outlays change". The Bank of Italy said Friday that it, too, forecasts the Italian economy will grow 0.6% this year, down 0.4 of a percentage point on its previous prediction. The central bank said it foresees economic growth of 0.9% and 1% in 2020 and 2021 respectively, while adding that there was a risk of the outlook being revised down. It also said that Italy may have dipped into recession in the second half of last year. In technical terms, a country goes into recession if it posts two consecutive quarters of negative growth. Salvini said Italy is "absolutely" prepared for a fresh economic contraction if it happens. Premier Giuseppe Conte said the situation showed the government was right to pass an expansive budget law for 2019, with the deficit-to-GDP ratio set to be over 2%. Economy Minister Giovanni Tria, meanwhile, said that EU budget rules sometimes make problems worse rather than solving them. "The idea that virtuous public finance behaviour should be imposed with limits that make deviant behaviour increasingly costly has not worked well," Tria said. "External limits sometimes aggravate the conduct that they want to correct.

Lascia il tuo commento

Condividi le tue opinioni su

Caratteri rimanenti: 400

LE RUBRICHE