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Macro - Country Economic Forecasts - Italy

Publisher Oxford Economics
Published May 19, 2022
Length 9 Pages
SKU # OFE17190269

Description

Macro - Country Economic Forecasts - Italy

Since the outbreak of the war in Ukraine, we have revised our forecast for Italian growth downward. We now expect 2022 GDP to grow 2.9%, up 0.1ppt since last month after Q1 GDP data came in slightly better than expected, yet down more than 1ppt since our February forecast. With energy prices expected to remain higher for longer, Italian inflation is set to average just below 6% this year. And given the speed with which events in Ukraine are unfolding, uncertainty will remain high, with risks skewed to the downside.

Table of Contents

9 Pages
Italy: Economy showing some resilience despite downside risks
Forecast overview
Recent developments
Short-term outlook
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

Pricing

Currency Rates
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