Italy’s economic recovery accelerated in 2017, supported by external and domestic demand, but fading tailwinds and lower medium-term growth prospects are expected to moderate growth towards the end of the forecast period. Non-energy industrial goods and services prices are set to drive higher headline inflation, while wage pressures remain limited. The general government headline deficit is predicted to slightly decline over the forecast period while the debt-to-GDP ratio is not expected to fall below 130%.

Indicators 2016 2017 2018 2019
GDP growth (%, yoy) 0,9 1,5 1,3 1,0
Inflation (%, yoy) -0,1 1,4 1,2 1,5
Unemployment (%) 11,7 11,3 10,9 10,5
Public budget balance (% of GDP) -2,5 -2,1 -1,8 -2,0
Gross public debt (% of GDP) 132,0 132,1 130,8 130,0
Current account balance (% of GDP) 2,6 2,5 2,5 2,3

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