September 2, 2022
It predicted that the country’s gross domestic product (GDP) would increase by 3.8 percent this year, down from a forecast of 4.0 percent made just one month before.
According to the bank’s quarterly forecasting bulletin, “the recurrence of the epidemic” caused growth to fall “sharply” in the last quarter of 2021.
373 fatalities and roughly 180,000 new coronavirus infections were recorded in Italy. According to the bank, the most recent wave harmed consumer confidence.
The country’s employment statistics are anticipated to modestly improve this year and the next year, with unemployment decreasing from 9.4 percent last year to 9.0 percent in 2022 and 8.9 percent in 2023.
These numbers continue to be significantly higher than the November Eurozone rate of 7.2%.
Source: TheLocal.it
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