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Italy's central bank forecasts 7.3% inflation in 2023

Italy's central bank forecasts 7.3% inflation in 2023

The market was taken aback by the hawkish ECB yesterday but a forecast like this underscores how far Europe is from 2% inflation.

Italy's central bank:

  • Sees 8.8% inflation this year
  • Sees 7.3% inflation in 2023
  • Sees 2.6% inflation in 2024

GDP:

  • Sees 3.8% growth this year vs 3.3% prior
  • Sees 0.4% growth in 2023
  • Sees 1.2% growth in 2024

That's some impressive nominal growth, at least.

This arti... Read More
Posted: Dec 16 2022, 14:02
Author Name: forexlive
Views: 102841

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