Italy is set to post the highest
growth of the major EU economies this year, Economy Commissioner
Paolo Gentiloni said Monday as he presented the European
executive's spring forecasts.
"I think this has not happened for a long time," said former
Italian premier Gentiloni.
"Italy has had a growth of 12% over the last three years , which
is very significant, after a 9% drop during the pandemic".
The Commission said Monday that it forecasts Italy's GDP will
rise 1.2% this year and 1.1% in 2024.
That is up from the predictions of growth of 0.8% and 1% in
2023 and 2024 respectively made in February.
The Commission said that it expects Italy's deficit -to-GDP
ratio to come in 4.5% this year and drop to 3.7% in 2024.
It forecast that Italy's public debt will be 140.4% of GDP in
2023 and 140.3% next year.
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