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IMF maintains Italy's GDP projection for 2024 and reduces it for 2025

The European country's economy is expected to grow by 0,7% this year.

The European country's economy is expected to grow by 0,7% this year.
Facade of the Chigi Palace, seat of the Italian government | Photo: ANSA.

O International Monetary Fund (IMF) maintained the growth projection at 0,7% economy of Italy in 2024, but reduced the estimate for 2025 by 0,1 percentage points, from 0,9% to 0,8%.

The data is in the report released by the institution this Tuesday (22), with forecasts for the gross domestic product (GDP) of the entire world.

In the document, the IMF pointed out a “persistent fragility in the industry”, which impacts the “growth of countries such as Italy and Germany”.

According to the fund, Italy's public debt is expected to close 2024 at 136,9% of GDP, up 2,3 points compared to 2023 (134,6%), and at 138,7% in 2025. The fiscal deficit is estimated at 4% of GDP this year and 3,8% next year.

The IMF also revised upwards its growth expectations for the United States economy in 2024, rising from 2,6% to 2,8%.

The euro zone followed the opposite path, with a projection of expansion of 0,8%, 0,1 points less than the previous forecast, from July.

According to the institution, the global economy has shown itself to be “resilient during the disinflationary process” and is expected to grow 3,2% in 2024 and 2025. (HANDLE)

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