Istat revision makes +1% GDP 2024 more difficult-Giorgetti

(ANSA) - ROME, OCT 8 - Istat's downward revision of this year's GDP growth to 0.8% makes the likelihood of hitting the government's target of 1% this year more difficult, Economy Minister Giancarlo Giorgetti said Tuesday.
    "The recent revision of the annual quarterly estimates by Istat, while significantly raising the level of GDP in both nominal and real terms, have led to a mechanical downward correction of the growth acquired for 2024 which makes it more difficult to achieve an annual variation in real GDP of 1% for the current year", Giorgetti told a hearing on the Strategic Budget Plan (SBP) at the joint Budget committees of the Chamber of Deputies and Senate. "The new quarterly data, while having a probable impact on the final reading of 2024, do not raise concerns for the following years", he added. (ANSA).