November 12, 2019 / 8:17 AM / 23 days ago

Bank of Italy says government's 2020 growth forecast 'reasonable'

ROME (Reuters) - The Italian government’s 0.6% growth forecast for 2020 is “reasonable” while the target of 1% set for 2021 is reachable, the Bank of Italy’s deputy governor said on Tuesday.

Rome should seize the opportunity offered by low interest rates to start lowering Italy’s debt-to-GDP ratio, Luigi Federico Signorini said during a parliamentary hearing on the 2020 budget.

Reporting by Giuseppe Fonte; editing by James Mackenzie

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