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NRRP to boost Italy GDP by 1.4 pts by 2026 - ECB

Impact of 0.7 pts of GDP by 2031 - forecast

Redazione Ansa

(ANSA) - ROME, JAN 7 - The National Recovery and Resilience Plan (NRRP) will boost Italy's GDP by 1.4 points by the end of the EU-funded post-COVID scheme in 2026, the European Central Bank said Tuesday.
    The Next Generation Eu funds will add 1.4 points to the GDP of both Italy and Spain, the two main beneficiaries, up to 2026 in the scenario of a "high absorption" of European aid and an average productivity of the spending implemented through the NRRP, the ECB forecast.
    The forecast referred only to the fiscal channel and therefore not to the impetus of structural reforms on productivity contained in a preliminary assessment of the European program, which instead estimates the impact at 0.7 points of GDP for Italy, and 0.9 points for Spain, in 2031. (ANSA).
   

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