Istat cuts Italy GDP development forecasts for this yr and subsequent

• 2024 GDP development forecast seen at zero.5% (beforehand 1.zero%)
• 2025 GDP development forecast seen at zero.eight% (beforehand 1.1%)

Their earlier forecast was made in June, therefore the stark modifications right here. The euro space financial system usually noticed a extra resilient first half of the yr however that has largely faltered within the second half, with Trump tariffs set to make for a tougher outlook going into subsequent yr.

This text was written by Justin Low at www.ubaidahsan.com.



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