The Parliamentary Budget Office (UPB)
said Wednesday that it forecasts Italy's GDP will rise by 0.8%
this year and 0.9% in 2026 after it revised down its estimate
for last year's growth from 0.8% to 0.7%.
It said that, after dropping to 1% in 2024, Italy's inflation
rate is set to rise to the ECB's target level of around 2% in
2025.
It said international factors "have a strong impact on an
economy that is very open to trade like the Italian one.
"2025 begins with some news at a global level, in particular on
climate change and geo-economic balances, while adverse effects
are expected from the new protectionist policies of the United
States of America Administration, which could be considerable,"
it continued.
"Currency and raw-material markets are affected by these various
factors of uncertainty: the volatility of primary energies, in
particular natural gas, is one of the top risk factors under
observation.
"International trade also remains weak, with a decline of
advanced countries compared to the good performance of emerging
countries".
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