The Ukraine war will help limit
Italian GDP growth to just 2.5% in 2022 and 1.3% in 2023, the
Organization for Economic Cooperation and Development said
Wednesday.
After the strong rise of 6.6% in 2021, the OECD said in its
Economic Outlook, "GDP will be hit by the war".
It said "persistent inflationary pressures" linked to the war
and to uncertainty "are reducing household spending and slowing
the recovery of the service sector".
But it said that new incentives for the private sector and the
massive post-COVID National Recovery and Resilience Plan (NRRP)
"will ease some of the negative impact".
Finally, the OECD said Italian inflation was 7.3% in May and is
set to rise amid the war.
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