IMF cuts Italy's GDP estimate 2021, grows by 3%

2021-01-26T13:22:42.513Z

The IMF revises its growth estimates for Italy in 2021 downwards. (ANSA) (ANSA) - NEW YORK, JANUARY 26 - The IMF revises its growth estimate for Italy in 2021 downwards. After a lower than expected contraction in 2020, when GDP is estimated to have fallen by 9.2% compared to -10.6 % expected in October, the economy will grow by 3% this year, or 2.2 percentage points less than previous forecasts. In 2022, GDP is estimated to grow by 3.6%, 1.0% more than the October esti