MNI BRIEF: Italy To Grow 0.8% In '25, 0.9% '26 -Budget Office

Italian GDP will grow 0.8% in 2025 and 0.9% in 2026, the country’s Parliamentary Budget Office said on Wednesday, revising down its autumn forecast in which growth for the two years was expected at 0.9% and 1.1%, respectively.

The UPB said that Italy grew 0.7% in 2024, a tenth lower than expected in October. “Activity has stagnated in the second half of 2024”, a press release notes, adding that in Q4 foreign demand contributed positively to GDP in contrast with internal demand.

Downward revisions for 2025 and 2026 follow a worsening outlook for international trade alongside higher gas prices. (See MNI SOURCES: ECB Likely To Tweak Language, Keep "Restrictive")