February 25, 2019 / 4:01 PM / 9 months ago

Talk of Italy budget correction is 'folly and speculation' - economy minister

FILE PHOTO: Italian Economy Minister Giovanni Tria attends a eurozone finance ministers meeting in Brussels, Belgium January 21, 2019. REUTERS/Francois Lenoir

ROME (Reuters) - Italian Economy Minister Giovanni Tria on Monday said the economy, the euro zone’s third biggest, is between stagnation and recession as he ruled out a budget correction during the course of 2019.

With the economy sputtering, talk about a budget correction is “folly and speculation” and Brussels officials have not indicated they are seeking one, Tria said during recording of an interview for Mediaset television.

Reporting by Giuseppe Fonte, writing by Steve Scherer

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