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22 October 2021 The prospects of the S&P rating agency on Italy improve. The agency confirmed the 'BBB' rating for Italy and raised the outlook from 'stable' to 'positive'.
"The positive outlook reflects our opinion that the progress of the Italian authorities in implementing the reforms of the National Recovery and Resilience Plan will stimulate economic growth, to the advantage of fiscal consolidation", writes the agency, motivating the decision to review Italy's outlook is up.
"The action of the European Central Bank since the beginning of the pandemic to ensure a unified monetary policy within the euro area has also supported the recovery
of Italy driven by investments ".
And then: "We expect a strong investment-led recovery in 2021 and 2022, bringing Italy's GDP above 2019 levels a year earlier than we expected. We expect a 2021 budget deficit of 8.8% of GDP. compared to the government's 9.4% target, as revenues continue to exceed budget assumptions. For 2021, GDP growth is expected to be 6%, followed by + 4.4% in 2022 ".