The Italian economy grew "at a
moderate pace" in the second quarter of 2024, after GDP rose
0.3% in the first three months of the year, the Bank of Italy
said on Friday in its economic bulletin.
The bulletin included growth forecasts released last month that
see GDP rising 0.6% this year, 0.9% in 2025 and 1.1% in 2026.
Economy Minister Giancarlo Giorgetti said earlier this week that
he thinks the country is on track to hit the target of GDP
growth of 1% for 2024.
The central bank also said that tourism price hikes were slowing
the fall in the overall inflation rate, which is 1.1%.
It said price increases in the tourism sector in Italy were
"clearly higher" than the average inflation rate for services.
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