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Italy’s economic growth for this year and the next is projected to fall short of the government’s targets, according to the International Monetary Fund (IMF) and Confindustria, the main business lobby. The IMF’s “World Economic Outlook” predicts a 0.7% expansion in 2024, consistent with last year’s rate, with growth forecasted at 0.8% for the following year. Similarly, Confindustria expects growth of 0.8% in 2025 and 0.9% in 2025. Both organizations suggest that the economic measures outlined in Italy’s 2025 budget are unlikely to have the intended impact on economic growth. The government had anticipated a growth rate of 1.2% next year due to tax cuts and increased spending, but recent downward revisions by the national statistics bureau have cast doubt on the feasibility of achieving this target. Other institutions including the Bank of Italy and the parliamentary budget watchdog UPB have also released growth forecasts below the government’s estimates.
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Emma Collins, graduated in Financial Economics from the University of Chicago in the USA in 2016. She has since worked at an asset management firm in New York, where she specializes in investment strategies and portfolio management. Emma has a keen interest in financial analysis and has published several articles in renowned financial journals. Her work focuses on providing actionable insights to investors, and she is known for her forward-thinking approach to managing financial portfolios.
