Economic Indicators
Italy budget watchdog sees GDP shrinking by 0.2% in third quarter
2022.10.19 10:05
© Reuters. FILE PHOTO: A woman shops at Campo de’ Fiori market in Rome, Italy, June 15, 2022. REUTERS/Guglielmo Mangiapane
ROME (Reuters) – The Italian economy is set to shrink by 0.2% in the third quarter of the year, the Italian parliament’s budget watchdog said on Wednesday, adding it expected growth of 0.3% for 2023.
In a monthly update, the watchdog cited the impact of rising energy prices linked to the war in Ukraine and said broader inflation was also hitting consumer spending.
