Brussels, 25 November (LaPresse) – "With regard to Italy, our assessment is that the Italian budget plan for combating drugs is in line with the requirements of the budgetary framework, and we also welcome the efforts of the Italian authorities to bring the budget deficit below 3% of GDP already this year, so that it can exit the excessive deficit procedure in terms of economic growth. In fact, Italy is facing relatively slow economic growth, with a forecast of 0.4% growth this year and 0.8% next year." This was stated by EU Commissioner for Economy Valdis Dombrovskis at the press conference on the European Semester's autumn package. “It was then that I mentioned that our European recommendation and potential country-specific recommendations will focus mainly on competitiveness, how to strengthen productivity and how to unlock stronger economic growth. And I would say that it is particularly relevant, in the case of Italy, to work on those structural reforms that promote growth in terms of support from EU funds,” he emphasised. In fact, the Recovery and Resilience Facility represents an important boost for the Italian economy. In absolute terms, Italy is the main beneficiary. Therefore, it is also important to ensure a gradual transition now, as we approach the expiry of the Recovery and Resilience Facility, towards greater use of cohesion funds to support the level of public investment."
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