Italy's GDP to rise 0.8% in 2024, 1.1% in 2025 says OECD

(ANSA) - ROME, SEP 25 - The OECD said Wednesday in its interim Economic Outlook that it forecasts Italy's GDP will rise by 0.8% in 2024 - against 1% in 2023 - and by 1. 1% next year.
    In the euro zone, GDP should reach 0.7% this year and 1.3% in 2025, the report said.
    Meanwhile, inflation in Italy should go from 5.9% in 2023 to 1.3% in 2024 and 2.2% in 2025, according to the Economic Outlook published Wednesday.
    Chief OECD economist Alvaro Santos Pereira told ANSA during a press conference to present the report in Paris that "Italy is doing quite well" in terms of economic growth, "0.8% this year, 1.1% next year, so close to potential".
    However, Rome must continue to be "prudent" in terms of budget and public finances, the economist warned.
    "Italy has been cautious in terms of public finances and must continue to do so", he added, stressing that "on budget policies it is very important to continue to be effective in public spending" with "less exemptions" and a wider fiscal gap.
    "This is essential for the future", he concluded. (ANSA).