Italy’s Conte Rules Out Budget Adjustment Despite Fears of Recession

Photo of Italy’s Conte Rules Out Budget Adjustment Despite Fears of Recession
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Giuseppe Conte, Italy's prime minister, pauses during his end of year news conference in Rome, Italy, on Friday, Dec. 28, 2018. Italian bond yields ascent this year is only a prelude to new heights in 2019, thanks to a deteriorating growth and fiscal outlook, as well as political and monetary policy uncertainty.

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