(ANSA) – NEW YORK, JULY 26 – The IMF raises its estimates for Italy in 2022 but cuts those for 2023. GDP is expected to grow by 3% this year, or 0.7 percentage points more than in + 2.3% expected in April. In 2023, growth is expected to slow down to + 0.7%, one percentage point lower than previous forecasts. The Italian acceleration in 2022 is linked to the improvement of tourism and industrial activity.
Italy is the only G7 country for which the 2022 estimates are revised upwards, a year in which it is expected to grow more than Germany and France.
“With rising prices making their living standards felt, reducing inflation must be the priority. A tightening of monetary policy will inevitably have real economic costs but delaying” an action would only result in “exacerbating” them. , the IMF says, forecasting inflation of 6.6% this year in advanced economies and 9.5% in emerging and developing ones. Price estimates have been revised upwards – by 0.9 and 0.8 percentage points, respectively – and the Fund expects prices to remain high for longer than initially anticipated. (HANDLE).
Source: Ansa
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