Italy: Budget deficit to be in the range of 2.0-2.4% - Danske Bank

Analysts at Danske Bank suggest that Italy will naturally once again set the agenda as the long-awaited publication of the so-called Economic and Financial Document on Thursday will contain the updated budget and growth numbers from the Italian government. 

Key Quotes

“We look for a budget deficit in the range of 2.0-2.4%. We estimate that market consensus is around 2%. Even if the deficit is slightly above market consensus, it should be seen as positive for the BTP market as the risk of a 3% breach has been removed.”