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Italy GDP: Istat estimates +0.7 percent in 2023 and 2024 

GDP is expected to grow by 0.7 percent in both 2023 and 2024, slowing from 2022. Istat notes this in its Outlook Note for the economy. In the two-year forecast period, GDP growth would be supported by the contribution of domestic demand net of inventories (+0.8 percentage points in 2023 and +0.7 in 2024) compared with a marginally negative contribution of net foreign demand in 2023 (-0.1 points) and zero in 2024; the contribution of inventories is expected to be zero in both years. Domestic demand will be driven by private consumption (+1.4 percent in 2023 and +1 percent in 2024) supported by decelerating inflation, a gradual recovery in wages and employment growth. Investment is expected to slow down significantly from the previous two years (+0.6% in both years).

Link: https://www.ilsole24ore.com/art/pil-istat-stima-07percento-2023-e-2024-AFVmAKvB

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