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Italy’s Tria sees stagnation rather than recession - Corriere della Sera

In an interview in Italian daily Corriere della Sera on Sunday, the Italian Economy Minister Giovanni Tria noted that Italy could experience a period of stagnation, Reuters reports.

Key Quotes:

“Let’s wait for data for the last quarter of 2018. I don’t see a recession, I see a situation of stagnation,”

“The deficit will be kept under control.”

Never considered stepping down as minister due to wrangling over the budget.

Asked about a target of raising 18 billion euros this year from privatizations, the minister said the government was looking at transferring stakes in state-controlled holdings to state lender Cassa Depositi e Prestiti (CDP).

“We are studying the question,” Tria said.

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