(Tiper Stock Exchange) – Fitch revised upwards its growth forecasts for Italy, with GDP now expected at +1.1% by the end of 2023. This is what emerges from the Global Economic Outlook Report updated to June 2023. The Italian economy – the analyzes explain – fared better than expected in the first quarter of the year, with a recovery in consumption compared to the last quarter of last year.
Italy – we read – “was the only one of the four largest economies in the Eurozone in which consumption increased in the quarter”.
For 2024, the rating agency reduces expectations, estimating an expansion of +1% from the previous +1.3%.
For 2025, Fitch indicated another year of “above-trend” growth (+1.2%), also in consideration of the probable support of the cuts in ECB rates which will start in 2024 and more generally of a more sustained economic expansion in the rest of the euro area.
As for inflation, experts assume a slowdown in the coming months and a rapid convergence first towards the average level observed in the block and then below it.