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EC trims Italy's 2022 growth forecast to 4.1%

Down from estimate of 4.3% given in November

Redazione Ansa

(ANSA) - ROME, FEB 10 - The European Commission said Thursday that it has trimmed its forecast for Italy's GDP growth in 2022 to 4.1%, down from he 4. 3% it predicted in November.
    It forecast a rise of 2.3% in 2023.
    It said the slower growth was an EU-wide phenomenon.
    "After the robust rebound in economic activity that started in spring last year and continued unabated through early autumn, the growth momentum in the EU is estimated to have slowed to 0.4% in the last quarter of 2021, from 2.2% in the previous quarter," the Commission said in its winter economic forecast.
    "While a slowdown was already expected in the Autumn 2021 Economic Forecast, after the EU economy closed the gap with its pre-pandemic output level in 2021-Q3, it was sharper than projected as headwinds to growth intensified: notably, the surge in COVID-19 infections, high energy prices and continued supply-side disruptions". (ANSA).
   

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