21 Hrs
Source:
الاقتصادية
Italy's Central Bank cuts 2027 growth forecast
The Italian Central Bank has lowered its forecast for the country's economic growth in 2027 to 0.4%, down from its previous estimate of 0.5%, while reaffirming that growth in 2023 will remain at 0.6%. The adjustment is attributed to the impact of rising commodity prices on consumption and purchasing power. The bank expects the economy to remain in a recession during the remaining quarters of this year before beginning to recover in 2027. Additionally, the bank anticipates the annual inflation rate to reach 3.1% this year and to slow down to 2.0% in 2024 amidst ongoing inflationary pressures.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)