US rating agency Standard & Poor's on
Friday cut its 2023 GDP forecast for Italy to -1.1%, 0.1% lower
than its previous forecast, citing rising inflation and risks
due to the Ukraine war.
Italy will return to growth in 2024, it confirmed, but with GDP
rising by just 0.8%, 90 basis points worse than the basic
scenario, S%P said.
Italian growth will then hit 1.2% in 2025, said the agency.
Its latest eurozone GDP forecasts are for a 0.9% drop in 2023
followed by growth of 0.8% in 2024 and 1.4% in 2025.
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