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War to limit GDP growth to 2.5% in 2022, 1.3% in 2023-OECD

But NRRP will cushion some of impact

(ANSA) - ROME, JUN 8 - The Ukraine war will help limit Italian GDP growth to just 2.5% in 2022 and 1.3% in 2023, the Organization for Economic Cooperation and Development said Wednesday.
    After the strong rise of 6.6% in 2021, the OECD said in its Economic Outlook, "GDP will be hit by the war".
    It said "persistent inflationary pressures" linked to the war and to uncertainty "are reducing household spending and slowing the recovery of the service sector".
    But it said that new incentives for the private sector and the massive post-COVID National Recovery and Resilience Plan (NRRP) "will ease some of the negative impact".
    Finally, the OECD said Italian inflation was 7.3% in May and is set to rise amid the war. (ANSA).
   

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