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24th Nov 2022 11:03Eurozone, Daily Monitor
The new budget in Italy means consumption growth will slow less than we previously thought in 2023.
Financial markets welcomed the budget; we are revising down our call for the rise in the BTP yield.
We look for the yield to rise to 4.0%, and we think it will stay around that level for most of next year.
btp, budget, consumption, consumption growth, financial markets, growth, italy, markets, Pantheon Macro, Pantheon Macroeconomics, independent macro research, independent research, ian shepherdson, economic intelligence