Italy's business lobby sees stronger economic growth, GDP up 6.1% in 2021

  • 📰 Reuters
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 97%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

Italy's business lobby Confindustria said on Saturday the country's growth this year would be more robust than expected, mainly due to a more contained impact of the COVID-19 Delta variant and stronger-than-expected economic indicators.

In a report, the association's research unit CSC forecast gross domestic product would rise 6.1% this year and 4.1% next year, going above pre-pandemic levels in the first half of 2022.Its forecasts for this year are now just above the 6% expected by the national unity government lead by Mario Draghi.

The CSC report cautioned that, starting from the last quarter of this year, GDP growth would have a more "moderate profile". It added that, despite the "positive perspectives", the forecasts had downside risks that were linked to the possibility of new COVID-19 restrictions, the lack of raw materials that could bog down production and more structural inflation.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in CA

Canada Canada Latest News, Canada Canada Headlines