new accounting standard adopted by EU from September might reduce Italy's debt-to-GDP ratio - financial press
- EU stated that revisions to accounting methods would end up raising past and future Italian gross domestic product (GDP) growth figures and forecasts by 1-2 percentage points
- The effect on the country's debt-to-output ratio will be "proportional" to the revision
- Italy currently forecasts public debt to ratio at 132.7% of GDP
- The effect on the country's debt-to-output ratio will be "proportional" to the revision
- Italy currently forecasts public debt to ratio at 132.7% of GDP