Istat revises its growth estimates for Italian GDP in 2024 upwards, bringing them to 1% in 2024 from +0.7% in December. The data thus aligns with that inserted by the government in the Def. In 2024, according to the report on the prospects for the Italian economy in 2024-2025, the increase in GDP would be supported by the contribution of internal demand […]
TO CONTINUE READING
SUPPORT US
€1 FOR THE FIRST MONTH
Already a subscriber?
KEEP READING
L’Istat revises growth estimates upwards GDP Italian in 2024, bringing them to 1% in 2024 from +0.7% in December. The data thus aligns with that inserted by the government in the Def. In 2024, according to the report on Prospects for the Italian economy in 2024-2025the increase in GDP would be supported by the contribution of internal demand net of inventories and net foreign demand (+0.7 percentage points for both), with a contribution from inventories still negative (-0.4 points). In 2025, the growth of the Italian economy would be 1.1%, mainly driven by domestic demand (+0.9 points).
THE consumption private individuals continue to be supported by the strengthening of job market and by the increase of wages in real terms, but slow down by an increase in the propensity to save. Dynamics that will determine one for 2024 moderate growth (+0.4%) in consumption by families and public institutions and a subsequent acceleration in 2025 (+1%).
For the gross fixed investments one is expected deceleration: +1.5% and +1.2% in 2024 and 2025 respectively, from +4.7% in 2023 due to the lack of tax incentives for constructionwhich should be compensated both by the effects of the implementation of the measures envisaged by the PNRR and by the reduction in interest rates.
