08-June-2025
Economy News
 
Italy Stats Bureau Cuts 2025 GDP Growth Estimate, in Line With Government
07-Jun-2025

Italy's economy will grow by 0.6% this year, national statistics bureau ISTAT said on Friday, trimming a previous forecast of 0.8% made in December amid mounting uncertainty over the impact of U.S. President Donald Trump's tariff policy. In its twice-yearly economic outlook report, ISTAT also predicted that gross domestic product (GDP) in the euro zone's third-largest economy would increase by 0.8% in 2026. ISTAT said growth this year and next will be supported entirely by domestic demand, whereas trade flows will have a negative impact in both years.

News Source:- https://money.usnews.com/investing/news/articles/2025-06-06/italy-stats-bureau-cuts-2025-gdp-growth-estimate-in-line-with-government