Italy's GDP growth forecast revealed
The Parliamentary Budget Office (UPB) said that it forecasts Italy's GDP will rise by 0.8% this year and 0.9% in 2026 after it revised down its estimate for last year's growth from 0.8% to 0.7%, CE Report quotes ANSA.
It said that, after dropping to 1% in 2024, Italy's inflation rate is set to rise to the ECB's target level of around 2% in 2025.
It said international factors "have a strong impact on an economy that is very open to trade like the Italian one.
"2025 begins with some news at a global level, in particular on climate change and geo-economic balances, while adverse effects are expected from the new protectionist policies of the United States of America Administration, which could be considerable," it continued.
"Currency and raw-material markets are affected by these various factors of uncertainty: the volatility of primary energies, in particular natural gas, is one of the top risk factors under observation.
"International trade also remains weak, with a decline of advanced countries compared to the good performance of emerging countries".
