The Limited Times

Now you can see non-English news...

GDP: Upb, +0.6% in 2023 but strong uncertainty from war and Pnrr


This year the Italian economy will slow down significantly compared to 2022, while continuing to expand by 0.6%. (HANDLE)

(ANSA) - ROME, FEBRUARY 03 - This year the Italian economy will slow down significantly compared to 2022, while continuing to expand by 0.6%.

This is the latest forecast by the PBO, according to which "after a still weak first quarter, due to the persistence of global tensions, growth would gradually strengthen, taking advantage of the easing of inflationary pressures".

According to the February Note on the Economic Situation by the Parliamentary Budget Office, in 2024 the GDP trend would consolidate at 1.4 per cent, "assuming the progressive improvement of the international geopolitical and economic context".

The estimate is in line with that of the government for this year but not for the next, given that the Nadef indicates growth of 1.9% for 2024.

    The Upb specifies that "the forecasts assume the complete implementation of the investment programs of the Pnrr, agreed within the Community, but also the continuation of the cycle of restrictive monetary policy of the ECB inaugurated in the second half of last year".

However, the implementation of the Pnrr, together with the war in Ukraine, represents one of the factors of uncertainty weighing on the forecasts.

"The ongoing conflict on the doorstep of the EU certainly represents the greatest risk, on all forecasting horizons", writes the Upb.

   Furthermore, "despite the relative relaxation of frictions in logistics and bottlenecks in supply, the very strong increases in energy costs and the shortage of some materials could affect the hypothesis of the integral, timely and efficient implementation of the Pnrr investment projects".


Source: ansa

All life articles on 2023-02-03

You may like

News/Politics 2023-01-31T01:58:54.115Z
News/Politics 2023-01-10T15:26:14.187Z
Life/Entertain 2023-01-31T05:29:03.168Z

Trends 24h

Life/Entertain 2023-03-23T12:52:46.747Z
Life/Entertain 2023-03-23T13:29:03.575Z


© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.