Italian GDP is expected to increase in 2022 (+3.9%) and then slowdown in 2023 (+0.4%).<\/p>\n
Over the forecast horizon, the increase of GDP will be determined by the contribution of domestic demand net of inventories (+4.2 and +0.5 percentage points respectively) while net foreign demand would contribute negatively in both years (-0.5 and -0.1 percentage points). In the current year, inventories are expected to contribute positively (+0.2 p.p.) followed by a zero contribution in 2023.<\/p>\n
Gross fixed capital formation will be the main driver of growth this year (+10.0%) and albeit to a lesser extent the next, (+2.0%). Consumption by resident households and ISPs will show a trend in line with economic activity (+3.7% and +0.4%).<\/p>\n
Energy goods price growth will drive household consumption deflator in the current year (+8.2%), the effects of which should ease in 2023 (+5.4%).<\/p>\n
Employment, measured in terms of FTE, will record a higher growth respect to GDP with a more pronounced increase in 2022 (+4.3%) compared to 2023 (+0.5%). The improvement in employment will be accompanied by unemployment rate which will decrease significantly this year (8.1%) and rise moderately in the following year (8.2%).<\/p>\n
Forecast scenario is characterized by downside risks associated with further price increases, a deceleration in international trade and the persistence of a restrictive monetary policy.<\/p>\n","protected":false},"excerpt":{"rendered":"
Italian GDP is expected to increase in 2022 (+3.9%) and then slowdown in 2023 (+0.4%). Over the forecast horizon, the increase of GDP will be […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4082],"tags":[3353,3574,3225,3470,3228,3250,3263],"regione":[],"tema":[4070,4059,4071,4065],"class_list":["post-27402","post","type-post","status-publish","format-standard","hentry","category-press-release","tag-earnings","tag-economic-outlook","tag-exports","tag-forecasts","tag-gdp","tag-imports","tag-investments","tema-external-trade","tema-households-economic-conditions","tema-labour","tema-national-accounts"],"meta_fields":{"data_pubblicazione":"20221206","descrizioneperiodo":"Years 2022-2023","titolobreve":"Italy\u2019s economic outlook 2022-2023","news":"GDP is expected to increase by 3.9% in 2022 and by 0.4% in 2023","news_rss":"Over the forecast horizon, the increase of GDP will be determined by the contribution of domestic demand net of inventories (+4.2 and +0.5 percentage points respectively) while net foreign demand would contribute negatively in both years (-0.5 and -0.1 percentage points). In the current year, inventories are expected to contribute positively (+0.2 p.p.) followed by a zero contribution in 2023","sottotitolo":""},"acf":[],"wpml_current_locale":"en_US","wpml_translations":[],"tags-info":[{"id":3353,"label":"earnings","slug":"earnings"},{"id":3574,"label":"economic outlook","slug":"economic-outlook"},{"id":3225,"label":"exports","slug":"exports"},{"id":3470,"label":"forecasts","slug":"forecasts"},{"id":3228,"label":"GDP","slug":"gdp"},{"id":3250,"label":"imports","slug":"imports"},{"id":3263,"label":"investments","slug":"investments"}],"categories-info":[{"id":4082,"label":"Press release","slug":"press-release"}],"_links":{"self":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/27402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=27402"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/27402\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=27402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=27402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=27402"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=27402"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=27402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}