The European Commission said in its
Spring Economic Forecast on Wednesday that it expects Italy's
GDP to grow by 0.9% this year, up from 0.7% in the previous
forecast.
But it said it expects the Italian economy to grow by 1.1% in
2025, down from 1.2% previously.
Inflation is expected to come in at 1.6 % this year and rise to
1.9 % in 2025.
The European Commission forecasts that Italy's deficit-to-GDP
ratio will fall from 7.4% in 2023 to 4.4% in 2024 and then rise
to 4.7% in 2025
It expects Italy's public debt-to-GDP ratio to rise from 137.3%
in 2023 to 138.6% in 2024 and 141.7 per cent in 2025.
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