What is the Bank of Italy's revised GDP growth forecast for this year, and how does it compare to its previous estimate?

The Bank of Italy raised its GDP growth forecast for this year to 0.6%, up from a previous estimate of 0.5%, citing a stronger-than-expected performance in the first quarter.

Why does the Bank of Italy expect economic expansion to have weakened in the second quarter?

The Bank of Italy stated that expansion likely weakened in the second quarter due to the Middle East conflict, which caused capital formation to slow and household consumption to decelerate, driven by higher energy prices stemming from the Iran war.

Bank of Italy Raises Growth Forecast in Another Boon for Meloni

Jul 17, 2026

The Bank of Italy raised its 2026 GDP growth forecast to 0.6%, though inflation is projected to average 3.1% driven by surging commodity and energy prices linked to the Iran war.

bloomberg

2026-07-17

Bank of Italy Raises Growth Forecast in Another Boon for Meloni

Bank of Italy Raises Growth Forecast in Another Boon for Meloni

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