In an "early 2024 with longer-term high rates and more expensive oil, but greater confidence and expanding services", the Confindustria study center sees "lights and shadows" on the economic situation and forecasts.
"The Italian GDP, which grew at the end of 2023 (+0.2%) thanks to services and construction, is supported in the first quarter of 2024 by increasing confidence and inflation just above the minimums. The industry seems close to ending the downturn phase, but rates will remain high for longer than expected."
And "the brake on trade flows remains due to the reduction of transits in the Suez Canal", note the economists on Via dell'Astronomia.
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