Arab Today, arab today italy debt rises to 1201 of gdp but deficit down
Last Updated : GMT 20:43:30
Arab Today, arab today
Arab Today, arab today

Italy debt rises to 120.1% of GDP but deficit down

Arab Today, arab today

Arab Today, arab today Italy debt rises to 120.1% of GDP but deficit down

Rome - AFP

Italy\'s debt rose last year to 120.1 percent of gross domestic product (GDP) but the annual deficit fell to 3.9 percent, as the economy entered recession, official data showed on Friday. Public debt was previously at 118.7 percent of GDP in 2010, the Istat data agency said, adding that the Italian economy grew 0.4 percent overall in 2011, even though it contracted in the last two quarters of the year.

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