At the end of October 2012, Italian general government debt was €2.01tr and government securities outstanding were €1.69tr. In that regard, Goldman Sachs forecasts that Italy general government debt will peak at 127.5% of GDP in 2013 and decline to 123.2% by 2016 (or €2.07tr). Thus, over 10 years, GS expects Italy's government deficit/GDP to decline to 0.05% in 2023 and the debt ratio to decline to 105% of GDP by the end of 2023. "A 20% reduction of the stock of public debt over a 10-year horizon could be achieved with a different, perhaps more feasible, combination of nominal growth, ... (Read the full story)
