In 2023 GDP rises by 1.2% but slows down in the coming months

(ANSA) - ROME, JUNE 06 - Italian GDP is expected to grow both in 2023 (+1.2%) and in 2024 (+1.1%), albeit slowing down compared to 2022. This was noted by Istat in the Report "The prospects for the Italian economy 2023 2024". It is expected - underlines Istat - that the consumption of resident households and ISPs (private social institutions serving households) will mark, in line with the trend of economic activity, an increase in 2023 (+0.5%), which will strengthen the following year (+1.1%), "thanks to the further reduction of inflation associated with a gradual recovery in wages and the improvement of the labor market". Istat points out that the deflator of expenditure of resident households in 2023 will fall to 5.7% this year and to 2.6% in 2024. In the two-year forecast, employment, measured in terms of labour units (AWU), will show growth in line with that of GDP (+1.2% in 2023 and +1% in 2024).
"The signs for the coming months suggest, despite the particularly positive start, concludes Istat, a slowdown in economic activity in the rest of the year with the risk also determined by the effects on agriculture of the flood in Emilia Romagna. (ANSA).