ITALY: New Restrictions, Usual Policy Lethargy

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Earlier today (13 October), Prime Minister Giuseppe Conte issued a new decree imposing stricter anti-coronavirus restrictions, including bans on private parties and early closures for bars and restaurants. The new measures came after long negotiations with the regions, as some local governors opposed the new curbs. The move comes as the contagion rate has accelerated over the past few weeks, and the country's health services are starting to feel the strain. Daily new coronavirus cases doubled last week, topping 5,000 on 9 October for the first time since March and rising close to 6,000 the day
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🧮[CUENTAS FISCALES]

🔶 En septiembre aceleró el gasto primario (71.6% a/a vs 56.9% en ago), impulsado por fuertes subas en subsidios económicos (224.7% a/a)
🔶Ingresos avanzaron 34.3% a/a, aún debajo de la inflación
🔶El déficit primario acumulado alcanzó 4.9% del PBI

@kiguel

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