‘No recession seen in Italy’

Italy’s Treasury Minister said he did not see a recession on the horizon but acknowledged there could be a period of economic stagnation.

“Let’s wait for data for the last quarter of 2018. I don’t see a recession, I see a situation of stagnation,” Giovanni Tria said in an interview in Italian daily

on Sunday. Asked about privatisations, the minister said the government was studying the question of transferring stakes in state-controlled holdings to state-lender Cassa Depositi e Prestiti.