Italy's GDP is set to drop to 0.4%
due to the Ukraine war in 2023, from 3.4% this year, the
Organization for Economic Cooperation and Development said in
its intermediate economic prospects Monday.
The 0.4% figure is a 0.8% cut from the previous OECD forecasts
in June.
Eurozone growth will fall from 3.1% to 0.3% in 20123, said the
report titled The Price of War.
That is 1.3% down on June's estimate.
Italian inflation will fall from 7.8% in 2022 to 4.7% in 2023,
the OECD added.
Eurozone inflation is forecast to drop from 8.1% to 6.2% while
G20 inflation will fall from 8.2% to 6.6%, said the forecasts.
The Ukraine war poses a threat to global food security, the
report added.
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