the Italian economy better than the others – Corriere.it

This year, Italy’s gross domestic product should grow by 1.1%, that of the Eurozone by 0.7% and that of the world by 2.6%. These are the forecasts of a Prometeia report entitled “Why Italy can avoid the recession”. The research, in particular, explains that after closing 2022 with a 3.8% GDP growth, also in the first quarter of this year the Italian economy was among the most dynamic in the euro area, with an increase quarterly rate of 0.6% and an increase for the whole of 2023 which Prometeia estimates as equal to 1.1% (up from the +0.7% estimated in March).

GDP higher than pre-Covid

The Italian GDP is 2.5% higher than the pre-Covid one, a better result than the other three major European countries: against a greater weakness in consumption, the excellent performance of exports stands out and, above all, the exceptional cycle of investments in construction, which have acted as a driving force for the entire supply chain, adds the report. According to Prometeia, therefore, there are the conditions for the Italian economy to emerge from the inflationary crisis (in June the inflation rate was still at 6.4%, among the highest in the Eurozone) without experiencing a real recession but only a period of prolonged stagnation until inflation has been brought under control.

Pnrr, great opportunity

Again according to the Prometeia Forecast Report, lasting support for growth continues to be represented by the Pnrr, not only for the boost between now and 2026, when the weakening of incentives for energy efficiency will produce a vacuum in demand for the construction, but also, in the medium term, for the stimulus to modernize and make many sectors of the Italian economy more efficient. Prometeia highlights how having an instrument to boost growth such as the Pnrr is therefore an opportunity not to be overlooked.