GDP, M5S: “Italy last in G20 and OECD, country in agony under Meloni”

Rome, June 3 (LaPresse) – “The latest OECD Economic Outlook confirms Italy’s economic agony under Meloni and Giorgetti in government. According to the organisation’s estimates, Italy will be last in GDP growth among G20 countries in 2026 and 2027, while it will be second-to-last among OECD countries in 2026 and last in 2027. This is the bulletin of a country undermined by an economic policy without direction, anchored to the most foolish application of austerity as a consequence of the worst Stability Pact that could have been signed. There is no growth, no development in industrial production; there has been and there is only a blind race towards a primary surplus in the illusion that it alone can reduce deficit and debt. Without growth there is neither stability nor fiscal consolidation. And indeed the OECD also estimates a steady increase in public debt. It is an agony that would require this government to step down as soon as possible. It is certainly not through small-scale negotiations with the EU, to obtain meagre flexibilities, that this disaster can be solved.” This was stated in a note by M5S parliamentarians from the Finance and Budget Committees of the Chamber and Senate.