• GDP, fourth quarter setback: worst figure since 2013
  • UPB: economic growth remains modest, GDP in 2020 + 0.2%
  • Gualtieri: "Economy recovery in the first half of 2020"

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February 13, 2020 "We want to completely eliminate the safeguard clauses and we are working on an overall reform of the personal income tax". But to do this "we do not intend to make cash with the VAT" even if some modifications are possible. The Minister of Economy, Roberto Gualtieri, guest of Omnibus, said it on La7.

It is premature to say how much we would reduce tax burden
"We are doing a reform to reduce the tax burden, it is premature to say how much," said Gualtieri. "In the meantime, we have managed to reduce taxes to 16 million people," he added.

In January production and GDP rebound
"All our indicators give us a recovery situation for January. Industrial production and GDP are expected to rise in January. We are talking about a rebound in January and we are confident that the economy can start again," said the Economy Minister. commenting on the sharp drop in industrial production in the last quarter of 2019. "The government, whose measures enter into force in January, can hardly have a retroactive influence" on the economy, said Gualtieri.

Markets understand that the government is stable
"The markets understand the difference, they understand that this government will be stable and therefore they are happy and we are saving a lot of money. After the vote in Emilia Romagna and the last two days there has been a spectacular rally, our titles are snapping up. And the spread can still drop, "stressed the Minister of Economy.