Bank of Italy cuts GDP forecasts, +0.6% in 2025 – Business

The Bank of Italy on Friday cut its
GDP forecasts “above all” due to the “tightening of trade
policies”: the +0.8% forecast last December for 2025 drops to
+0.6%, while for 2026 the estimate of +1.1% drops to 0.8% and in
2027 from +0.9% to +0.7%.

   
The Bank of Italy emphasized that the method gives estimates on
seasonally adjusted data and corrected for the number of working
days; without this correction, GDP would grow by 0.5% in 2025,
0.9% in 2026 and 0.7% in 2027.

   
The forecasts, it said, include “a first and partial evaluation”
of US President Donald Trump’s trade tariffs, but do not
consider possible retaliation or the evolution of international
markets.

   

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