The Bank of Italy said Friday that it
expects the Italian economy to grow by 4.9-5% this year, 4.5% in
2022 and 2.3% in 2023.
It said the driving force of the recovery will be resurgent
levels of investment, with consumer spending expanding more
gradually.
It said Italy's growth prospects were dependent to a large
decree on the effective use of the cash coming from Europe to
finance the National Recovery and Resilience Plan (PNRR).
It said these measures could lift GDP by around four percentage
points in the 2021-2023 period.
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