Italy Budget Foresees 2023 Growth Boost Before Slower Outlook
- Economic output seen higher than estimated at 0.9% this year
- Growth to slow to around 1.4% in 2024 from 1.9% earlier target
Giorgia Meloni
Photographer: Alessia Pierdomenico/Bloomberg
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Italy’s upcoming budget outlook will probably incorporate a higher growth forecast for 2023 followed by a worsened outlook for subsequent years, according to people familiar with the matter.
The plan to be unveiled next week by premier Giorgia Meloni foresees economic expansion of 0.9% this year, up from a a previous estimate of 0.6%, said the people, who didn’t want to be identified as the government is still working on the estimates and numbers can change.