And, most often in view of the national inflation rate, Ireland is being cited as an example. BIS Review 75/2001  1  Well, then, what exactly is meant by “convergence”? The term is one with many facets. The Treaty of Maastricht set out to measure nominal convergence.
The forecasts shown in the graph on 2019 were made prior to the publication of the Update to the 2018 Economic and Financial Document and do not therefore incorporate the budgetary provisions laid down in the policy scenario. 21  Figure 2  General government debt (per cent of GDP)  Source: For GDP, based on Istat data (press release of 21 September 2018).