In June, Italy’s public debt reached a historic peak of 2 billion 843 trillion euros. About Wednesday knowledgeable Bank of Italy.
The previous negative record was recorded in May at around 2.816 trillion euros. The 2.8 trillion euro threshold was crossed for the first time in April this year.
Experts to explain The rapid growth of public debt due to the consequences of the coronavirus pandemic, the conflict in Ukraine and the economic blow due to Western sanctions on Russia.
Italy’s public debt jumped to 155% of the country’s GDP in 2020 due to quarantines and restrictions. Then, when the economy recovered, it started to decline, but the new crisis phenomenon forced the debt burden to grow again, according to Eurostat data.
Italy’s public debt according to the results of the first quarter of 2023 made 143.5 percent of GDP. This is the second indicator in the European Union after Greece, where the public debt-to-GDP ratio reaches 168%.
Recently it became known that the Dutch economy was officially entry into a recession.
Previously, the People’s Bank of China unexpectedly lowered interest rates to support the economy