In 2023, Italy's GDP will be +0.9%, exceeding government forecasts. The estimate released on January 30th based on quarterly surveys instead indicated an increase in GDP of 0.7%.
The data released today is higher than the Nadef forecast which set GDP growth in 2023 at 0.8%. The deficit-GDP ratio instead stood at 7.2%, compared to 8.6% in 2022. Finally, the tax burden remained unchanged at 42.5%.