Italy Is Targeting 1.3%-1.4% Growth Next Year, Il Sole Reports.

Italy is aiming for economic growth of 1.3%-1.4% next year, according to the Il Sole 24 Ore newspaper. The government, led by Premier Giorgia Meloni, is developing a fiscal proposal that aligns with the European Union's regulations and will present it in the coming weeks. Italy's GDP grew by 0.9% last year, and the European Commission predicts a similar rate for this year and a 1.1% expansion in 2025. The government is more optimistic, with the Finance Ministry Undersecretary stating that they expect a 1% increase in output this year. The goal is to reduce the country's deficit to below 3% within the next two years, aiming for a shortfall of 2.9% in 2026 to meet EU fiscal rules. [Extracted from the article]