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OECD sees Italy's GDP up 6.3% this year, 4.6% in 2022

Growth set to drop to 2.6% in 2023 says economic outlook

(ANSA) - ROME, DEC 1 - The OECD said in its latest economic outlook on Wednesday that it sees Italy's GDP rising 6.3% this year.
    "The strong 2021 rebound from COVID-19 is forecast to ease progressively in 2022 and 2023, with growth of 4.6% and 2.6%," the OECD said.
    Italy posted negative growth of 8.9% last year due to the COVID-19 pandemic.
    "The recovery is expected to benefit from supportive fiscal policy, including investment financed through Next Generation EU funds, and progressively normalising services activity," the outlook said.
    "A gradual rise in employment should support steady consumption growth. The recent increase in headline inflation is expected to moderate, but core inflation is forecast to rise as spare capacity declines and purchasing power increases". (ANSA).
   

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