Bank of Italy Raises Growth Forecast in Another Boon for Meloni

Skip to Content News Archives Economy Energy Oil & Gas Renewables Electric Vehicles Mining Commodities Agriculture Real Estate Mortgages Mortgage Rates Finance Banking Insurance Fintech Cryptocurrency Work Wealth Smart Money Wealth Management Investor Personal Finance Family Finance Retirement Taxes High Net Worth FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials More Innovation Information Technology FP500 Podcasts Small Business Lives Told Tails Told Shopping Financial Post Store Obituaries Place a Notice Advertising Advertising With Us Advertising Solutions Postmedia Ad Manager Sponsorship Requests Classifieds Place a Classifieds ad Working Profile Settings My Subscriptions Saved Articles My Offers Newsletters Customer Service FAQ News Economy Energy Mining Real Estate Finance Work Wealth Investor FP Comment Executive Women Puzzmo Newsletters Financial Times Business Essentials This advertisement has not loaded yet, but your article continues below.HomePMN BusinessBank of Italy Raises Growth Forecast in Another Boon for MeloniThe Bank of Italy raised its outlook for the country’s economy, judging that a positive start to the year will outweigh fallout that followed from the Iran war.Author of the article: You can save this article by registering for free here. Or sign-in if you have an account.(Bloomberg) — The Bank of Italy raised its outlook for the country’s economy, judging that a positive start to the year will outweigh fallout that followed from the Iran war.THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLYSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman, and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.SUBSCRIBE TO UNLOCK MORE ARTICLESSubscribe now to read the latest news in your city and across Canada.Exclusive articles from Barbara Shecter, Joe O'Connor, Gabriel Friedman and others.Daily content from Financial Times, the world's leading global business publication.Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.Daily puzzles, including the New York Times Crossword.REGISTER / SIGN IN TO UNLOCK MORE ARTICLESCreate an account or sign in to continue with your reading experience.Access articles from across Canada with one account.Share your thoughts and join the conversation in the comments.Enjoy additional articles per month.Get email updates from your favourite authors.THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.Create an account or sign in to continue with your reading experience.Access articles from across Canada with one accountShare your thoughts and join the conversation in the commentsEnjoy additional articles per monthGet email updates from your favourite authorsSign In or Create an Account“Given the stronger-than-expected performance in the first quarter, GDP growth is projected to rise to 0.6% this year,” the central bank said in its latest economic bulletin. That compares with a previous estimate of 0.5%. The bank cautioned that expansion is likely to have weakened in the second quarter.“During the spring months, marked by the conflict in the Middle East, capital formation is estimated to have slowed,” the central bank said. “Household consumption is estimated to have decelerated.”Get the latest headlines, breaking news and columns.By signing up you consent to receive the above newsletter from Postmedia Network Inc.A welcome email is on its way. If you don't see it, please check your junk folder.The next issue of Top Stories will soon be in your inbox.We encountered an issue signing you up. Please try againThe Iran war has driven up energy prices, slowing economic growth across the euro-area. Italy, the European Union’s second-largest gas consumer after Germany, relies on the fuel for about 40% of its energy mix.The improved economic forecast is still good news for Prime Minister Giorgia Meloni, who has been struggling with an increasingly fractured coalition after unexpectedly losing a vote on an amendment to an electoral reform measure this month.On Thursday, the premier overcame government infighting to win lower house approval for the bill, but she still needs economic growth to deliver on promises to voters and to conform to the EU’s requirements for fiscal probity.Inflation is set to average 3.1% in 2026, mainly as a result of the surge in commodity prices, returning to 2% in 2027 and 2028, the Bank of Italy said.This advertisement has not loaded yet.Notice for the Postmedia NetworkThis website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Read more about cookies here. 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