Italy Treasury minister sees stagnation rather than recession

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© Reuters. FILE PHOTO: Euro zone finance ministers meet to discuss reforms of the monetary union in Brussels© Reuters. FILE PHOTO: Euro zone finance ministers meet to discuss reforms of the monetary union in Brussels

(Reuters) – ’s Treasury Minister said he did not see a recession on the horizon but acknowledged there could be a period of stagnation.

“Let’s wait for data for the last quarter of 2018. I don’t see a recession, I see a situation of stagnation,” Giovanni Tria said in an interview in Italian daily Corriere della Sera on Sunday.

Asked about privatizations, the minister said the government was studying the question of transferring stakes in state-controlled holdings to state-lender Cassa Depositi e Prestiti.

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Source: Investing.com