• Email Us: [email protected]
  • Contact Us: +1 718 874 1545
  • Skip to main content
  • Skip to primary sidebar

Medical Market Report

  • Home
  • All Reports
  • About Us
  • Contact Us

Italy to forecast GDP growth around 6% this year, above 4% in 2022, sources say

September 15, 2021 by David Barret Leave a Comment

September 15, 2021

By Giuseppe Fonte

ROME (Reuters) – Italy’s Treasury expects the economy to grow by around 6% this year and by more than 4% in 2022, two sources close to the matter told Reuters on Wednesday, taking gross domestic product back above its pre-pandemic level by the end of next year.

The 2021 forecast is a steep upward revision from a 4.5% estimate that was pencilled in by Prime Minister Mario Draghi’s government in April, reflecting a recent spate of stronger-than-expected economic indicators.

The new growth forecasts, along with public finance targets, will be published by Sept. 27 in the Treasury’s annual Economic and Financial Document (DEF). This will form the preliminary framework for the 2022 budget.

Last year the COVID-hit economy contracted by 8.9%, the steepest recession in Italy’s post-war history.

The firm pick-up now in place will ensure lower than expected public deficit and debt ratios this year, Economy Minister Daniele Franco said earlier this month.

The Treasury now estimates 4.2% growth in 2022, below the 4.8% target set in April, as the recovery from last year’s steep recession is seen flattening out after arriving more quickly than anticipated this year.

The forecasts are subject to ongoing government discussions and could still change before their publication, the sources said, asking not to be named because of the sensitivity of the matter.

Moreover, they are based on an unchanged policy scenario and next year’s projection does not include the impact of new expansionary measures which the government intends to present next month in its 2022 budget.

The final growth target for next year will therefore be more ambitious, the sources said. One of them said it could end up close to the 4.8% rate estimated in April.

Italy has consistently underperformed its European partners over the past two decades. The last time it registered growth of more than 6% was in 1976, when it surged by 6.6%.

Franco said the government planned to maintain expansionary policies to recoup the growth lost due to COVID-19 as quickly as possible.

(Editing by Gavin Jones)

Source Link Italy to forecast GDP growth around 6% this year, above 4% in 2022, sources say

David Barret
David Barret

Related posts:

  1. U.S. to give Ukraine more than $45 million in additional humanitarian aid -Blinken
  2. Motor racing-Hamilton happy if ‘incredibly talented’ Russell joins Mercedes
  3. This WhatsApp security flaw could have let hackers access all your chats
  4. U.S. Treasury allows personal remittances to flow to Afghanistan

Filed Under: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

  • Why Cats Adapted This Defense Mechanism From Snakes
  • Mother Orca Seen Carrying Dead Calf Once Again On Washington Coast
  • A Busy Spider Season Is Brewing: Why This Fall Could See A Boom Of Arachnid Activity
  • What Alternatives Are There To The Big Bang Model?
  • Magnetic Flip Seen Around First Photographed Black Hole Pushes “Models To The Limit”
  • Something Out Of Nothing: New Approach Mimics Matter Creation Using Superfluid Helium
  • Surströmming: Why Sweden’s Stinky Fermented Fish Smells So Bad (But People Still Eat It)
  • First-Ever Recording Of Black Hole Recoil Captured During Merger – And You Can Listen To It
  • The Moon Is Moving Away From Earth At A Rate Of About 3.8 Centimeters Per Year. Will It Ever Drift Apart?
  • As Solar Storm Hits Earth NASA Finds “The Sun Is Slowly Waking Up”
  • Plate Tectonics And CO2 On Planets Suggest Alien Civilizations “Are Probably Pretty Rare”
  • How To Watch The “Awkward” Partial Solar Eclipse This Weekend
  • World’s Oldest Pots: 20,000-Year-Old Vessels May Have Been Used For Cooking Clams Or Brewing Beer
  • “The Body Is Slowly And Continuously Heated”: 14,000-Year-Old Smoked Mummies Are World’s Oldest
  • Pizza Slices, Polaroid Pictures, And Over 300 Hats: What’s Left Behind In Yellowstone’s Hydrothermal Areas?
  • The Mathematical Paradox That Lets You Create Something From Nothing
  • Ancient Asteroid Ripped Apart In Collision Had Flowing Water
  • Flying Foxes Include The World’s Biggest Bat And The Largest Mammal Capable Of True Flight
  • NASA Responds To Claims That Interstellar Object 3I/ATLAS Is An Advanced Alien Spacecraft
  • Millions Of Tons Of Gold Are In Earth’s Oceans, Potentially Worth Over $2 Quadrillion
  • Business
  • Health
  • News
  • Science
  • Technology
  • +1 718 874 1545
  • +91 78878 22626
  • [email protected]
Office Address
Prudour Pvt. Ltd. 420 Lexington Avenue Suite 300 New York City, NY 10170.

Powered by Prudour Network

Copyrights © 2025 · Medical Market Report. All Rights Reserved.

Go to mobile version