The European Commission, in the autumn economic forecasts, has revised upwards the Italian economic expansion. Our country’s GDP will rebound by 6.2% in 2021. Estimating further growth of 4.3% in the next year, it will return to pre-crisis levels as early as mid-2022
The Italian economy continues to grow. The European Commission has estimated the 2021 GDP on the rise, which should reach + 6.2%. “After the rebound in the first half of 2021, the Italian GDP is destined to expand” – reads the Commission document – “despite encountering some headwinds in the short term.” At these levels of growth it is believed that the trend of economy returns to pre-crisis levels “by the middle of next year.” In the summer, the Commission predicted a 5% increase in GDP for Italy in 2021 and 4.2% in 2022.
Thanks to recovery down debt-deficit
The public debt / GDP ratio in Italy should drop from 155.6% in 2020 to 151.0% in 2023, thanks to the economic recovery “. According to the Commission,” growth will be supported by domestic demand “. The deficit-GDP ratio “driven by the improvement of the economy and the gradual elimination of the government’s emergency fiscal measures” will also fall – After rising to 9.6% in 2020, it should fall to 9.4% in 2021, by 5 , 8% in 2022 and 4.3% in 2023.