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MNI BRIEF: Italy 2023 Growth At 0.6%; 2% Inflation In '25 -BOI

(MNI) LONDON
(MNI) Rome
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The Bank of Italy has upped its Italian growth outlook for 2023 to 0.6% -- up three tenths of a percentage point from October. The central bank keeps its inflation outlook at 6.5% this year, raising it to 2.6% in 2024 before heading lower again in 2025, according to the latest Economic Bulletin, published Friday.

The projections are subject to a great amount of uncertainty, the central ban said, as the price of raw materials and energy offers downside risks for growth and two sided inflation risks -- to the upside in the short term with possible price spikes and to the downside in the medium term if aggregate demand weakens.

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The Bank of Italy has upped its Italian growth outlook for 2023 to 0.6% -- up three tenths of a percentage point from October. The central bank keeps its inflation outlook at 6.5% this year, raising it to 2.6% in 2024 before heading lower again in 2025, according to the latest Economic Bulletin, published Friday.

The projections are subject to a great amount of uncertainty, the central ban said, as the price of raw materials and energy offers downside risks for growth and two sided inflation risks -- to the upside in the short term with possible price spikes and to the downside in the medium term if aggregate demand weakens.

Keep reading...Show less