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Investing.com -- Italy’s public budget deficit decreased to 5.0% of gross domestic product (GDP) in the first six months of 2025, down from 5.9% in the same period of 2024, according to data released Friday by ISTAT, the country’s official statistics agency.
The second quarter showed a more significant improvement, with the deficit dropping to 2.0% of GDP compared to 3.8% in the second quarter of 2024.
The Italian government announced Thursday that it expects the full-year deficit to reach 3.0% of GDP for 2025, which would mark the first time since 2019 that Italy has met the European Union’s deficit ceiling.
This projected figure is lower than the government’s previous target of 3.3%.
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