Bolsa Verde do Rio quer negociar crédito de carbono emitido durante Rio+20
17 de abril de 2012Congresso oficializa nesta quinta criação da CPI do Cachoeira
19 de abril de 2012The Italian government has slashed its forecast for the economy in 2012.
It was previously predicting a 0.4% contraction in the economy, but has cut that to a 1.2% contraction.
The government has also admitted that it will not be able to meet its target of balancing the budget by 2013.
It now says that it will be able to balance the budget by 2015, which is still more optimistic than the IMF, which says Italy will not have a balanced budget until at least 2018.
The government has raised its forecast for growth in 2013 from 0.3% to 0.5%.
The announcements followed a cabinet meeting to approve the new Economic and Financial Document.
The document predicts that Italy’s debt will increase from 120% of GDP in 2011 to 123.4% in 2012.
