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MNI BRIEF: BOI Sees GDP Falling If Russian Gas Imports Halted

The Bank of Italy sees inflation in the country at 2.2% in 2023 in its intermediate scenario that assumes that the war in Ukraine will continue for a long time, it said in its economic bulletin on Friday.

Growth in this scenario would be 2.2% this year –1.6 points less than foreseen in January-- and 1.8% in 2023 –0.7 points less. Inflation for this year would jump to 5,6%.

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The Bank of Italy sees inflation in the country at 2.2% in 2023 in its intermediate scenario that assumes that the war in Ukraine will continue for a long time, it said in its economic bulletin on Friday.

Growth in this scenario would be 2.2% this year –1.6 points less than foreseen in January-- and 1.8% in 2023 –0.7 points less. Inflation for this year would jump to 5,6%.

Keep reading...Show less