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MNI INTERVIEW (RPT): Italy To Grow Into Q1 2023 - BOI's Signorini

Italy's economy has outperformed analysts' forecasts, Bank of Italy Senior Deputy Governor Luigi Federico Signorini tells MNI

The Italian economy is proving resilient to the war in Ukraine, supply bottlenecks and rising commodity prices and should continue to grow into the first quarter of 2023 after “reassuring” second quarter gross domestic product data, Bank of Italy Senior Deputy Governor Luigi Federico Signorini told MNI.

“Since 2021, the actual figures have tended to surprise positively when compared with analysts’ predictions, confirming the overall good performance of the Italian economy in these difficult times,” Signorini said in an emailed interview, pointing to data released last week confirming GDP growth at 1% in the second quarter versus the first.

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The Italian economy is proving resilient to the war in Ukraine, supply bottlenecks and rising commodity prices and should continue to grow into the first quarter of 2023 after “reassuring” second quarter gross domestic product data, Bank of Italy Senior Deputy Governor Luigi Federico Signorini told MNI.

“Since 2021, the actual figures have tended to surprise positively when compared with analysts’ predictions, confirming the overall good performance of the Italian economy in these difficult times,” Signorini said in an emailed interview, pointing to data released last week confirming GDP growth at 1% in the second quarter versus the first.

Keep reading...Show less