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Italy’s Economic Recovery: Deficit Down, Inflation Low

1/3/2026

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Summary

Story summary

Since Giorgia Meloni became Italy's prime minister in 2022, the deficit fell from 8.1% to 3.1% of GDP, inflation to 1.1%, and unemployment to 6%.
Deputy Minister Edmondo Cirielli attributes the gains to stronger fiscal discipline and governance.
He notes concerns about Italy's declining population and reliance on EU funding.
Cirielli says European funds aided recovery, but reforming the EU is essential for continued growth and stability.

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Story summary

Since Giorgia Meloni became Italy's prime minister in 2022, the deficit fell from 8.1% to 3.1% of GDP, inflation to 1.1%, and unemployment to 6%.
Deputy Minister Edmondo Cirielli attributes the gains to stronger fiscal discipline and governance.
He notes concerns about Italy's declining population and reliance on EU funding.
Cirielli says European funds aided recovery, but reforming the EU is essential for continued growth and stability.