The European Commission has reduced its GDP growth forecast for Italy in 2024, now expected at 0.7%, compared to the 0.9% indicated in the November estimates.
The expectation of a GDP growth of 1.2% in 2025 is confirmed.
The EU Commission has also revised downwards its estimates of expected growth in the Eurozone, with GDP expected to rise by 0.8% in 2024 (from the +1.2% indicated in November) and by 1.2% in 2025 (from +1.6%).
In the EU, GDP is expected to grow by 0.9% in 2024 (from +1.3%) and confirmed at +1.7% in 2025.
Broad stagnation in 2023 carried over into weak momentum at the start of the year, it explains.
The expectation is for a gradual acceleration this year.
Real wage growth and labor market resilience should support a recovery in consumption.
All EU countries are now expected to grow in both 2024 and 2025.
Reproduction reserved © Copyright ANSA