Italy's GDP growth is set to
decelerate in the coming months, with the two separate waves of
devastating floods that claimed a total of 17 lives in Emilia
Romagna last month a factor, Istat said Tuesday in its report on
Italy's Economic Outlook for 2023-24.
The deceleration is set to be quite abrupt as the carry-over GDP
growth was 0.9% at the end of a strong first quarter, but the
national statistics agency sees growth for the whole year coming
in at 1.2%.
In addition to the floods, Istat also cited uncertainty about
the war in Ukraine as a risk factor.
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