The Bank of Italy expects Italy's GDP to grow 1% in 2026, up from its June forecast, before slowing to 0.7% in 2027 and 0.8% in 2028. The central bank says the outlook is highly uncertain: if crude oil prices spike again, growth could fall to zero this year and turn negative in the following two years. It also warns that GDP would drop by 0.3% in 2027 and 2028 if commodity prices and inflation rise sharply.
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