Upb worsens GDP estimate, +0.8% in 2024, downside risks. "The prospects of the Italian economy are exposed to multiple risks, which are overall unfavourable", states the Parliamentary Budget Office (PUB) "The sources of uncertainty are mainly of an exogenous nature as they come from international factors, in particular geo-political (war in Ukraine and the Middle East), which could slow down global trade", says PBO.
"A robust recovery of international trade for 2024 is, however - he adds - essential to materialize the acceleration of Italian GDP in the two-year forecast period"