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Italy could be getting its debt down

News & Data JIACC

Italy, saddled with the euro area’s second-biggest debt load after Greece, may be close to coming to grips with its problem. It’s partly being helped by the economy, which has grown for 10 straight quarters and maintained its pace of momentum in the most recent quarter

Source: Bloomberg – In addition, the nation can thank a pickup in inflation and a drop in bond yields, a combination that gets the government nearer to reducing the load than it’s been in a decade. For the first time since the financial crisis, the nation is enjoying a convergence of its economic growth, debt, inflation rates as well as average yields on government securities. It might be about to see gross domestic product rise more than public debt this year, thus reducing the debt-to-output ratio

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