Macro - Country Economic Forecasts - Italy

Macro - Country Economic Forecasts - Italy



We forecast GDP growth for Italy at 0.8% for 2025, an improvement from the 0.5% expansion we expected this year. We project inflation will pick up to average 1.9% next year, as the contribution from energy inflation will likely increase from a sizeable drop this year. Risks to our forecasts are on the downside and linked to domestic and international factors.


Italy: We anticipate sub-1% growth in 2025 and 2026
Forecast overview
Recent developments
Short-term outlook
Key drivers of our short-term forecast
Economic risk
Economic risk evaluation
Risk warnings
What to watch out for
Exposure to key global risks
Long-term prospects
Background
Economic development
Structure of the economy
Balance of payments and structure of trade
Policy
Politics

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