Rivals stand out for Fitch

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Fitch Ratings has lowered its medium-term projections on potential Gross Domestic Product for the 10 developed economies examined in its usual quarterly Global Economic Outlook.

The rating agency announced this in a recent note. However, Italy and France are the exceptions, for which Fitch has raised its estimates by 0.1 percentage points, respectively to 0.7 per cent and 1.2 per cent.

In the case of Italy, the agency explains, the increase in the estimate was due to a better trend in investments. Fitch Ratings recognizes Italy and France, despite being rivals, as exceptions in its revised medium-term Gdp projections.

In the Italian parliamentary elections of 2022, Giorgia Meloni claimed victory, becoming the country’s first female prime minister.

Ms. Meloni was widely expected to form Italy’s most right-wing government since World War 2.

This is a new development in the democratic tradition of Italy, with possible repercussions on European political balances. (Redazione)


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