A rise in the economy of the South of
Italy is slowing down and there is a risk of it being overtaken
by the North again, southern development agency Svimez said
Wednesday.
The South is growing more than Central-Northern Italy for the
second consecutive year, however, said the agency.
GDP in the South is expected to increase by 0.9% in 2024 against
0.7% in the rest of the country, according to the Svimez Report
which describes the role of the EU-funded post-COVID National
Recovery and Resilience Plan (NRRP) as "decisive".
The plan is worth 1.8 points of GDP in 2024-2026. However, the
growth gap favorable to the South is decreasing compared to 2023
and from next year, the Association highlights the risks of a
return to "normality" of more stunted growth compared to the
rest of the country in 2025 and 2026, due to the withdrawal from
policies to stimulate investment and support family incomes.
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