(Finance) – Busy day for the Prime Minister Mario Draghi who met today at Palazzo Chigi the ministers of the economy, Daniele Franco, and of Economic Development, Giancarlo Giorgetti.
At the center of the comparison, according to what is learned, the launch by the cabinet this week – probably on the day of Thursday – of the Economic and Financial Document which it will contain the new macroeconomic estimates for Italy. The launch should thus arrive a few days earlier than the deadline set for April 10.
In next week’s DEF “lgrowth will be revised significantly, with lower values – announced the Minister of Economy Daniele Franco -. A fast-paced recovery was anticipated before the latest events, while the latest events led to a deterioration of these perspectives. We must be aware – added the minister – that the our economy is slowing down. We then see an increase in inflation, it is a question of certifying it, at the moment it is around 6.7% for Italy, level we haven’t seen for several years“.
It will still be a Document under the sign of uncertainty in the wake of international framework on the war in Ukraine and its repercussions for the energy raw materials and not. During the weekend, Confindustria updated its estimates bringing growth to 1.9% and thus opening up to a phase of recession in the first half of the year. The Governo, as expected, it should set the bar around the 2.8%.
Meanwhile, in the morning Istat announced the nominal GDP figure for 2021 which was revised downwards from 7.5% to 7.2% due to the “import data in value of natural gas in the gaseous state for the months from July to December 2021”. The gross domestic product at market prices, according to the new Istat estimate, is equal to 1,781,221 million euros current, in 2021, compared to the previously estimated 1,775,436. The rate remains confirmed widespread for the growth of GDP by volume, equal to 6.6%.
It remains unchanged, as expected, also the deficit / GDP ratio 2021 at -7.2%.