It will be "hard" to reach the
government's projected 6% rise in GDP this year, the
parliamentary budget office (UPB) said Tuesday.
The UPB said this was due to "elevated uncertainty" stemming
from the COVID epidemic.
Leading analyst are instead seeing a GDP rise this year of
between 3.5% and 4.8%, the office said.
This will be the case even in the event of a rapid recovery
starting this spring, it said.
The government's new 32 billion euro budget adjustment will
bring the budget deficit down up to just below 9% this year,
compared to the 7% in the government's economic NADEF updated
blueprint, "all other things being equal", the UPB said.
These measures will be temporary, the office said, the reason
why the government sees the deficit falling to 4.7% in 2022 and
3% in 2023.
ALL RIGHTS RESERVED © Copyright ANSA
