Italy's GDP to rise 0.7% in 2024, 1.2% in 2025 says OECD

(ANSA) - ROME, MAY 2 - The OECD said in its latest Economic Outlook on Thursday that it forecasts Italy's GDP will rise by 0.7% this year and by 1.2% in 2025.
    "High inflation over the past two years has eroded real incomes, financial conditions remain restrictive and most of the exceptional aid related to the Covid-19 and energy crises has been suppressed'', said the Paris-based body, saying that all this is having an impact on "private consumption and investment.
    "The expected revival of real wage growth and the increase in investment funds from the Next Generation EU plan will only partially offset these difficulties," the OECD said. (ANSA).