Italy’s GDP Growth Forecasted at 0.4% for 2025
Rome, The Gulf Observer: Italy’s GDP is expected to grow by 0.4% in 2025, while the deficit is predicted to rise from 3.3% to 3.6% of GDP, according to estimates released on Saturday by the Observatory of Italian Public Finance (OCPI) at Milan’s Catholic University. Public debt is also projected to increase by 1.5 percentage points, reaching 138.4% of GDP.
The observatory also reported that 2024 is expected to conclude with real GDP growth between 0.6% and 0.7%, according to media sources.
Despite these figures, the report stated that Italy would remain compliant with European fiscal regulations, with the exception of a one-year delay in meeting the EU’s budget deficit reduction parameters under 3% of GDP.
Additionally, preliminary estimates from ISTAT, Italy’s national statistics agency, released on Thursday, indicated that GDP remained flat in the fourth quarter of 2024 compared to the previous quarter, but registered a 0.5% increase year-over-year compared to the same period in 2023.
ISTAT’s data showed that Italy’s economy grew by 0.5% in 2024 relative to 2023, based on seasonally adjusted and calendar-adjusted data. The government had previously estimated a non-calendar-adjusted growth rate of 1% for 2024 in a forecast released in September.
