(ANSA) - ROME, OCT 23 - The Parliamentary Budget Office (UPB)
on Wednesday cut its growth estimate for 2024 by two tenths of a
point to 0.8% for 2024 with respect to the forecast validated
with the Structural Budget Plan (PSB), the basis for the 2025
budget bill which was issued earlier Wednesday.
The revision, explained the Office, is due to the "worsening of
the acquired variation for 2024, deducible from the quarterly
data recently published by Istat".
Furthermore, the risks are "downward in the short and medium
term", especially due to international geopolitical tensions and
the performance of the National Recovery and Resilience Plan
(NRRP) projects.
photo: Economy Minister Giancarlo Giorgetti (ANSA).
UPB cuts GDP estimate, +0.8% in 2024
Two tenths of a point down on budget plan