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Macro - Country Economic Forecasts - Italy

Publisher Oxford Economics
Published Mar 24, 2022
Length 9 Pages
SKU # OFE17050671

Description

Macro - Country Economic Forecasts - Italy

We expect Russia's invasion of Ukraine will cause energy prices to stay higher for longer, pushing up Italian inflation further to average 5.8% this year. We have also cut our 2022 GDP growth forecast by 1ppt to 2.9%. Moreover, the speed at which events are unfolding means that uncertainty remains extremely high, with risks clearly skewed to the downside.

Table of Contents

9 Pages
Italy: Russia-Ukraine war lowers our 2022 GDP growth forecast
Forecast overview
Recent developments
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics
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