NRRP to boost Italy GDP by 1.4 pts by 2026 - ECB
Impact of 0.7 pts of GDP by 2031 - forecast
The National Recovery and Resilience
Plan (NRRP) will boost Italy's GDP by 1.4 points by the end of
the EU-funded post-COVID scheme in 2026, the European Central
Bank said Tuesday.
The Next Generation Eu funds will add 1.4 points to the GDP of
both Italy and Spain, the two main beneficiaries, up to 2026 in
the scenario of a "high absorption" of European aid and an
average productivity of the spending implemented through the
NRRP, the ECB forecast.
The forecast referred only to the fiscal channel and therefore
not to the impetus of structural reforms on productivity
contained in a preliminary assessment of the European program,
which instead estimates the impact at 0.7 points of GDP for
Italy, and 0.9 points for Spain, in 2031.
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