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Italy's GDP up 0.9% in 2023, deficit worse than forecast at 7.2% - Business

2024-03-01T12:25:22.820Z

Highlights: Italy's GDP up 0.9% in 2023, deficit worse than forecast at 7.2% - Istat. That is up from the growth figure of 0.7% the nationalstatistics agency had given in an estimate at the end of January and 0.8% given by the government in its Nadef economic blueprint. The debt-to-GDP ratio, meanwhile, dropped to 137.3% from 140.5% in 2022, Istat said.


Italy's GDP grew by 0.9% in 2023, Istat said on Friday. That is up from the growth figure of 0.7% the national statistics agency had given in an estimate at the end of January and 0.8% given by the government in its Nadef economic blueprint. (HANDLE)


Italy's GDP grew by 0.9% in 2023,Istat said on Friday.


   That is up from the growth figure of 0.7% the nationalstatistics agency had given in an estimate at the end of Januaryand 0.8% given by the government in its Nadef economic blueprint.


   It said Italy's deficit-to-GDP ratio for 2023 was 7.2%, down from 8.6% in 2022, but higher than the estimate of 5.3% given in the Nadef.


   The debt-to-GDP ratio, meanwhile, dropped to 137.3% from 140.5% in 2022.


   That is significantly better than the Nadef estimate of 140.2%.



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