IMF: Italy's Debt-to-GDP Ratio Will Exceed 140%

Italy's deteriorating public finances have been forecast by the International Monetary Fund (IMF), which suggests that the country's debt as a percentage of gross domestic product (GDP) will breach 140 per cent again in 2025 and rise every year thereafter. Fitch Ratings also said Italy's return to a rising debt trajectory could complicate the task of managing the euro zone's third-largest economy and could exacerbate political tensions.