Macro Strategy Views Podcast – Italy: enjoy it while it lasts

In our weekly podcast, Macro Strategy Views, we focus on topical macro and market themes targeting investors and trading corporates. Today, we focus on Italy. Thomas Harr, Global Head of FI&C Research, chairs today’s podcast and our Euroland economist Aila Mihr joins him. There is currently a three-party power play going on in the Italian government. The 2019 budget deficit is likely to end up at 1.9-2.4% of GDP. It is very unlikely that the deficit will break the EU’s 3% rule. Italian debt is likely to perform well into the budget announcement 27 September. Medium term, there are reasons to be worried. Click on the link below to hear the podcast.