(ANSA) - MILAN, 09 DEC - S&P also lowers its estimates for Italy in its new report on the global economy.
The recession in 2023, under the weight of inflation and geopolitical risks, is now expected to be 1 percentage point higher, with a decline in GDP of 1.1% and a return to growth in 2024 but only by 0.8%, worse than 90 basis points compared to the baseline scenario and 1.2% in 2025.
For the Eurozone, the expectation is a drop of 0.9% in 2023, and GDP growth of 0.8% in 2024 and 1.4% in 2025.
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