Italy’s GDP is expected to increase by 0.8% in 2024, slightly down from the 1% growth seen in 2023, according to the OECD’s interim economic outlook released today in Paris. The growth is projected to rise again to 1.1% by 2025. Across the Eurozone, GDP growth is forecasted to reach 0.7% in 2024 and 1.3% in 2025, driven by "the recovery of real incomes and improved credit availability." Italy’s performance is deemed "quite strong," with growth figures close to its potential. However, OECD's Chief Economist Alvaro Santos Pereira emphasized during the press conference that Italy must remain cautious with its public finances. Meanwhile, growth in China is expected to decline to 4.9% in 2024 and further to 4.5% by 2025. It concludes that Italy should continue to adopt prudent fiscal policies to sustain economic stability amid shifting global growth trends.
Thursday, 26 September 2024 08:47
Italy's GDP to Grow by 0.8% in 2024, OECD Urges Prudence
