{"id":4870,"date":"2021-04-16T11:24:04","date_gmt":"2021-04-16T07:24:04","guid":{"rendered":"https:\/\/qia.az\/en\/?p=4870"},"modified":"2021-04-16T11:24:06","modified_gmt":"2021-04-16T07:24:06","slug":"italys-debt-to-hit-100-years-high","status":"publish","type":"post","link":"https:\/\/qia.az\/en\/italys-debt-to-hit-100-years-high\/","title":{"rendered":"Italy\u2019s debt to hit 100-years high"},"content":{"rendered":"\n<p>Italy\u2019s debt this year will exceed the country\u2019s previous record amassed in the aftermath of World War I,\u00a0<strong><a href=\"http:\/\/qia.az\" class=\"rank-math-link\">&#8220;Q\u0130A.az&#8221;<\/a><\/strong>\u00a0informs referring to\u00a0<a href=\"https:\/\/www.bloomberg.com\/europe\" rel=\"noreferrer noopener\" target=\"_blank\" class=\"rank-math-link\">Bloomberg<\/a>.<\/p>\n\n\n\n<p>The new borrowing tally of&nbsp;<strong>159.8&nbsp;<\/strong>percent of gross domestic product featured in a fiscal outlook ratified by Prime Minister Mario Draghi\u2019s cabinet on April 15.<\/p>\n\n\n\n<p>That exceeds the probable all-time high of&nbsp;<strong>159.5<\/strong>&nbsp;percent achieved in 1920, shortly before the era of Benito Mussolini\u2019s fascist dictatorship.<\/p>\n\n\n\n<p>The figures represent the first full set of economic forecasts compiled since Draghi took the helm of Italy\u2019s response to the coronavirus, which has killed more than 115,000 and led to lockdowns that have gutted key sectors like tourism.<\/p>\n\n\n\n<p>The government has agreed to borrow&nbsp;<strong>40<\/strong>&nbsp;billion euros (<strong>$48<\/strong>&nbsp;billion) for new stimulus measures, which pushes its overall pandemic spending so far to over&nbsp;<strong>170<\/strong>&nbsp;billion euros.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Italy\u2019s debt this year will exceed the country\u2019s previous record amassed in the aftermath of World War I,\u00a0&#8220;Q\u0130A.az&#8221;\u00a0informs referring to\u00a0Bloomberg. The new borrowing tally of&nbsp;159.8&nbsp;percent of gross domestic product featured in a fiscal outlook ratified by Prime Minister Mario Draghi\u2019s cabinet on April 15. That exceeds the probable all-time high of&nbsp;159.5&nbsp;percent achieved in 1920, shortly&hellip; <a class=\"more-link\" href=\"https:\/\/qia.az\/en\/italys-debt-to-hit-100-years-high\/\">Continue reading <span class=\"screen-reader-text\">Italy\u2019s debt to hit 100-years high<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":4871,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26],"tags":[],"class_list":["post-4870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","entry"],"_links":{"self":[{"href":"https:\/\/qia.az\/en\/wp-json\/wp\/v2\/posts\/4870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/qia.az\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/qia.az\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/qia.az\/en\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/qia.az\/en\/wp-json\/wp\/v2\/comments?post=4870"}],"version-history":[{"count":0,"href":"https:\/\/qia.az\/en\/wp-json\/wp\/v2\/posts\/4870\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/qia.az\/en\/wp-json\/wp\/v2\/media\/4871"}],"wp:attachment":[{"href":"https:\/\/qia.az\/en\/wp-json\/wp\/v2\/media?parent=4870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/qia.az\/en\/wp-json\/wp\/v2\/categories?post=4870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/qia.az\/en\/wp-json\/wp\/v2\/tags?post=4870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}