Economic Indicators

Italy in 2023-Economy falling inflation rising

2022.12.16 11:06

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Italy in 2023-Economy falling inflation rising

Budrigannews.com – According to a statement released on Friday, the central bank anticipates that the Italian economy will expand by 0.4 percent in the coming year, which is a significant slowdown in comparison to the 3.8 percent expected for 2022.

However, expectations for growth in 2024 are now at 1.2%, up from the previous estimate of 1.4%, and the outlook for 2023 is slightly better than the 0.3% seen in October.

More Business activity in Europe reaches bottom

The central bank predicts that the cost of living will average 7.3% in 2023, down from 8.8% in 2022, before falling to 2.6% in 2024 and 1.9% in 2025, setting the stage for the weak growth scenario.

Italy in 2023-Economy falling inflation rising

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