Italian Gdp is expected to increase in both 2023 (+1.2%) and 2024 (+1.1%), albeit slower than in 2022.<\/p>\n
Over the forecast period, the increase in Gdp would be supported mainly by the contribution of domestic demand net of inventories (+1.0 percentage points in 2023 and +0.9 p.p. in 2024) and the smaller contribution of net foreign demand (+0.3 and +0.2 p.p.). In 2023, inventories are expected to make a marginal negative contribution -0.1 p.p. to be followed by 0 p.p. in 2024.<\/p>\n
The consumption of resident households and ISPs in line with the trend of economic activity is expected to show an increase in 2023 (+0.5%), which will strengthen the following year (+1.1%). Gross fixed capital formation will maintain high growth rates, compared with other components +3.0% in 2023 and +2.0% in 2024 decelerating in comparison with the previous two years. <\/p>\n
Over the two-year forecast horizon, employment, measured in terms of Fte, will show growth in line with that of Gdp (+1.2% in 2023 and +1% in 2024). The improvement in employment will be accompanied by a decline in the unemployment rate to 7.9% this year and 7.7% the following year.<\/p>\n
Falling energy commodity prices and restrictive policies implemented by central banks, will be reflected in a reduction in the household consumption expenditure deflator both in the current year (+5.7%) and, to a greater extent, in 2024 (+2.6%). <\/p>\n
The forecast scenario is based on favorable assumptions of price reduction in the coming months and the implementation of recovery and resilience plan for the next two years.<\/p>\n","protected":false},"excerpt":{"rendered":"
Italian Gdp is expected to increase in both 2023 (+1.2%) and 2024 (+1.1%), albeit slower than in 2022. Over the forecast period, the increase in […]<\/p>\n","protected":false},"author":9,"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-27852","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":"20230606","descrizioneperiodo":"Years 2023-2024","titolobreve":"Italy\u2019s Economic Outlook 2023-2024","news":"Gdp is expected to increase by 1.2% in 2023 and by 1.1% in 2024","news_rss":"Italian Gdp is expected to increase in both 2023 (+1.2%) and 2024 (+1.1%), albeit slower than in 2022.\nOver the forecast period, the increase in Gdp would be supported mainly by the contribution of domestic demand net of inventories (+1.0 percentage points in 2023 and +0.9 p.p. in 2024) and the smaller contribution of net foreign demand (+0.3 and +0.2 p.p.). In 2023, inventories are expected to make a marginal negative contribution -0.1 p.p. to be followed by 0 p.p. in 2024.","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\/27852","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"}],"author":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/comments?post=27852"}],"version-history":[{"count":0,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/posts\/27852\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/media?parent=27852"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/categories?post=27852"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tags?post=27852"},{"taxonomy":"regione","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/regione?post=27852"},{"taxonomy":"tema","embeddable":true,"href":"https:\/\/www.istat.it\/en\/wp-json\/wp\/v2\/tema?post=27852"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}