OECD cuts Italy’s GDP estimates, inflation rises | EUROtoday

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The OECD cuts Italy’s progress estimates: in line with the Intermediate Economic Outlook offered immediately in Paris, Italy’s progress will probably be 0.4% in 2026, 0.2 factors lower than the earlier Economic Outlook in December. For 2027, the worldwide physique forecasts Italian progress at 0.6%, equal to a reduce of 0.1 factors in comparison with the December estimates. Italy’s inflation is predicted to develop from 1.6% in 2025 to 2.4% in 2026. According to the OECD, inflation in our nation will probably be 0.7 factors increased than what was indicated in earlier estimates.

“If it persists, the conflict in the Middle East will weigh on global growth and increase inflation,” we learn within the OECD’s Interim Economic Outlook. Furthermore, in line with the worldwide physique, “any public measure to cushion the impact of the increase in energy prices should be well targeted on those who are most in need”. Member States are additionally suggested to “maintain incentives and reduce energy consumption”. In the long run, the OECD suggests multiplying measures to “improve energy efficiency at the national level and reduce dependence on imported fossil fuels”. Necessary steps, the group underlines, to “allow countries to reduce their exposure to future geopolitical tensions”.