ROME, April 3 (Reuters) – Italy will lower its gross domestic product (GDP) growth forecasts for this year and next, business daily Il Sole 24 Ore reported on Wednesday, citing a Treasury document.
The latter now forecasts growth of 1% in 2024 compared to 1.2% last September, according to the Economic and Financial Document that the government of Giorgia Meloni should ratify next week, writes Il Sole 24 Ore.
Italy’s economic growth for 2025 will also be lowered by 0.2 points, to 1.2% compared to 1.4% in previous forecasts.
According to this Treasury document, the public deficit in 2024 should be “very close” to the estimate used so far, i.e. 4.3% of GDP, and it should fall below 4% next year, reports Il Sole 24 Ore. (Written by Alvise Armellini, French version Bertrand Boucey, edited by Zhifan Liu)
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