Confindustria's CSC research units said Wednesday that it expects Italy's GDP to grow by 0.9% this year. This is significantly higher than the forecast of 0.5% it made in October.
The IMF has said it thinks Italy's economy will rise by only 0.7% in 2018 and 2025. But Confindustria said that it sees Italy's economy growing by 1.1% next year. It said the prospect of falling interest rates and the effects of the National Recovery and Resilience Plan (NRRP) will be "two powerful stimuli for growth." The NRRP seeks to make the economy greener, more modern, and less dependent on Russian fossil fuels thanks to close to 200 billion euros of EU grants and low-interest loans. But they added that "several factors are holding back growth," including electricity costs and "global transport bottlenecks," stressing that these do not only concern the Red Sea. The government said it expects growth of 1% this year in its DEFeconomic blueprint.