Following the acceleration in output growth in 2017, the Italian economy is expected to continue to grow at the same pace of 1.5% this year, largely supported by domestic demand. As support from tailwinds is expected to wane and the output gap closes, GDP growth is set to moderate to 1.2% in 2019. The general government deficit is projected to decrease in 2018 to 1.7% of GDP assuming no further policy changes, while the debt-to-GDP ratio is set to slightly decline below 130% by 2019 on the back of stronger nominal GDP growth.
|GDP growth (%, yoy)||0,9||1,5||1,5||1,2|
|Inflation (%, yoy)||-0,1||1,3||1,2||1,4|
|Public budget balance (% of GDP)||-2,5||-2,3||-1,7||-1,7|
|Gross public debt (% of GDP)||132,0||131,8||130,7||129,7|
|Current account balance (% of GDP)||2,5||2,8||2,6||2,6|