EC ups 2024 growth forecast for Italy to 0.9%

(ANSA) - ROME, MAY 15 - The European Commission said in its Spring Economic Forecast on Wednesday that it expects Italy's GDP to grow by 0.9% this year, up from 0.7% in the previous forecast.
    But it said it expects the Italian economy to grow by 1.1% in 2025, down from 1.2% previously.
    Inflation is expected to come in at 1.6 % this year and rise to 1.9 % in 2025. The European Commission forecasts that Italy's deficit-to-GDP ratio will fall from 7.4% in 2023 to 4.4% in 2024 and then rise to 4.7% in 2025 It expects Italy's public debt-to-GDP ratio to rise from 137.3% in 2023 to 138.6% in 2024 and 141.7 per cent in 2025. (ANSA).