Economic Indicators
Italy in 2023-Economy falling inflation rising
2022.12.16 11:06
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.
