Forex News Italy cuts 2017 deficit-to-GDP target to 2.1% from 2.3% Posted on 11.04.2017 by Adam Button Comments from PM Gentiloni – Growth raised to 1.1% from 1.0% – Deficit next year in line with EU requests Good for Italy, I guess. Those aren’t the kind of numbers that will send money flooding in but they’re moving in the right direction.