Italy Treasury minister sees stagnation rather than recession

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

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.