Moody’s evaluation house maintained Italy’s credit rating yesterday at BAA3, but upgrading the prospect from stable to positive.

In his announcement, Moody’s points out that the prospect of the Italian economy has improved thanks to ‘Better than expected fiscal performance in 2024’ in a ‘political stability’ environment in the country.

However, he stresses that Italy’s debt remains high. It stood at 135.3% of GDP in 2024.

In the first quarter of 2025, Italy’s gross domestic product (GDP) increased by 0.3% compared to the previous quarter, thanks to progress in all areas except services, according to the National Institute of Statistics (ISTAT).

At the end of April, the Italian Minister of Finance Giancarlo Georgeti greeted this progress, which was “Greater than in other European countries.” This is “an important sign, which demonstrates the accuracy of our forecasts and the effectiveness of government economic policies”, noted.

Italy, the fourth largest exporter in the world, is one of the European Union member states that are more affected by the increase in customs duties that the US wants to impose on European products.

Yesterday Friday, US President Donald Trump It has threatened to impose a 50% duties on imports from the EU from June 1st.

In 2024, Italy had a trade surplus of € 38.9 billion in transactions with the United States.