Italy's GDP to rise 0.7% in 2024, 1.2% in 2025 says OECD

The OECD said in its latest Economic
Outlook on Thursday that it forecasts Italy's GDP will rise by
0.7% this year and by 1.2% in 2025.

   
"High inflation over the past two years has eroded real incomes,
financial conditions remain restrictive and most of the
exceptional aid related to the Covid-19 and energy crises has
been suppressed'', said the Paris-based body, saying that all
this is having an impact on "private consumption and investment.

   
"The expected revival of real wage growth and the increase in
investment funds from the Next Generation EU plan will only
partially offset these difficulties," the OECD said.

   

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