Italy's GDP to grow 0.4% in 2025 - OCPI

(ANSA) - ROME, FEB 1 - Italy's GDP is projected to grow by 0.4% in 2025, with the deficit rising from 3. 3 to 3.6% of GDP and public debt increasing by 1.5 points to 138.4% of GDP, according to estimates released on Saturday by the Observatory of Italian public finance (OCPI) of Milan's Catholic University, published after ISTAT's GDP data.
    2024 should end with a real GDP of +0.6/+0.7%, the observatory also said.
    The report said such figures "will not hinder the respect of European rules", apart from a one-year delay in relation to the EU's budget rules over deficit-reduction parameters under 3% of GDP.
    According to initial estimates released by ISTAT on Thursday, Italy's GDP was flat in the fourth quarter of 2024 with respect to the previous three months and up 0.5% compared to the October-December period in 2023.
    The national statistics agency said Italy's GDP grew by 0.5% last year with respect to 2023, according to seasonally adjusted and calendar-adjusted data (there were four more working days in 2024 than in 2023).
    In September the government gave a non-calendar-adjusted estimate of 1% for Italy's growth in 2024. (ANSA).