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Italy’s economic growth estimated at six percent in 2021

Italy’s economic growth estimated at six percent in 2021

Rome, Sep 29 (Prensa Latina) Italy's Gross Domestic Product (GDP) will grow six percent this year according to the update of the Economy and Finance Document (DEF) approved today by the Council of Ministers.
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The traditional annual adjustment of the government’s main planning instrument which gathers the three-year objectives of its economic policy, foresees GDP increases of 4.7, 2.8 and 1.9 in 2022, 2023 and 2024, respectively.

The document further forecasts a fiscal deficit of 9.4 percent this year, with prospects of declining to 5.6 in 2022, 3.9 in 2023 and 3.3 in 2024, while the ratio of public debt to GDP will fall from 155.6 percent in 2020 to 153.5 in 2021.

The DEF update envisages further reductions in debt up to 149.4 percent next year, 147.6 in the following year and 146.1 in 2024.

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