Government: Italy and Plans

government: Italy, which is at loggerheads with Brussels over its plans for a more expansionary budget, recorded zero growth in the first three months under its new populist government, according to The Guardian. The country is now at risk of a third recession in a decade. Figures from the EU statistics agency Eurostat showed a marked and unexpected slowdown in the third quarter of 2018, in the latest evidence of an easing of economic activity around the world since the start of the year. The government in Rome wants to stimulate the economy which is still 5% smaller than it was before the financial crisis through tax cuts and spending increases, and to dismantle an austerity law forced on Italy by the European commission. But so far, Rome has shown no sign of making changes. In an unprecedented move, Brussels told the Italian government it must reconsider its budget plans. (news.financializer.com). As reported in the news.