Poor Italy will do more austerity than France and Germany
What are the budget forecasts for Italy after covid? Are we really the country that spends or will we go back to tighter austerity before the other European states?
I do not want to keep you on the razor's edge too much so I present an interesting table based on AMECO data, therefore official, of the European Commission, with the main public finance data of the main European countries, arrived through the excellent Liturri
L Italy is expected to have a primary public budget in deficit at the end of 2022, but only 1.6% of GDP. France will have it by 5.1%, Germany by 1.9%, the euro area average will be 3.4%. So Italy will objectively be the one that will spend the least in Europe on aid and services to its citizens, despite being the country most affected. France and Spain have a very different primary deficit from ours, more than double.
So, despite the proclamations of various governments, austerity continued. We fail to realign with other countries precisely in the most important thing: the resumption of growth.
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The article Poor Italy will do more austerity than France and Germany comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/la-povera-italia-fara-piu-austerita-di-francia-e-germania/ on Mon, 12 Apr 2021 12:54:46 +0000.