RaiNews – The Italian National Institute of Statistics (Istat) has released a report demonstrating that the Italian economy will have grown 4.3% during 2022, but will slow to a growth of just 0.5% in 2023.
The two-year forecast looked at a number of key indicators of the health of the country’s economy, demonstrating a mixed picture with various positive and negative indicators. On the one hand, the analysis shows that during 2022, the Italian economy has managed to reduce unemployment to around 8.1%, down from 9.8% in 2021. However, it is predicted that in 2023, there will be a slight increase to 8.2%.
The analysis also looked at how the increased price of food and energy had affected inflation, which currently stands at around 8.2%. It is expected that a combination of reduced prices and the full implementation of public investment plans for 2023 could lead to inflation falling to 5.4% in 2023.
Finally, on the question of GDP, the increases in growth this year in 2022 have largely been pushed forwards by an increase in investment in the economy, up around 10% this year. However, investment is expected to fall to a 2% increase in 2023, being a key part of the expectations for lower growth in the following year.
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