Italy’s Giorgetti Still Sees 2023 GDP Growth After Setback

Italy’s unexpected economic contraction in the second quarter won’t alter the government’s forecast for growth this year, Finance Minister Giancarlo Giorgetti said.

“The slow-down of the GDP expansion in the second quarter looks mostly due to the decrease in added value of the industrial sector, while the service sectors kept growing — be it more moderately,” Giorgetti said in a statement Monday.