Sustained growth of Italian GDP is expected in the two-year period 2021-2022: + 6.3% this year and + 4.7% the next. This was announced by Istat in its Report on the prospects for the Italian economy in 2021-2022. The deflator of resident household spending will increase by 1.8% this year, reflecting the current acceleration in inflation which is expected to continue into 2022 (+ 2.2%). Inflationary pressures are expected to continue in the coming months, until an expected easing in the second half of 2022. On average in 2021, the household final consumption expenditure deflator is forecast at + 1.8% while the GDP deflator is expected to be + 1.2%; in 2022 they are estimated at + 2.2% and + 1.9% respectively.

Source: Huffington Post December 03, 2021 19:08 UTC