Italian growth will plummet to just 0.2% of GDP in 2026 as the National Recovery and Resilience Plannears its send and the finance-sapping superbonus home improvement subsidy deals its final blows to the economy, the International Monetary Fund said Friday.
This will be after growth will be around 0.7% of GDP in both 2024 and 2025, said Helge Berger, deputy director of the IMF'sEurope department.
"Growth in Italy will hovers around potential, at 0.7 per cent in 2024 and 2025, due to investment programs, with budgetary policy playing a role, but in 2026 it will collapse to 0.2% with the superbonus coming to an end, and the NRRP continuing to bethere but not as strongly", he said.
"The good news is that interventions can make a difference," said Berger.