Reuters exclusively reports Italy to cut 2021 GDP forecast to 4.1%, raise 2022 to 4.3%

Reuters exclusively reported that Mario Draghi’s government expects Italy’s virus-hit economy to grow by 4.1% this year and 4.3% in 2022. The 2021 forecast is a steep downward revision from the 6% growth that had been penciled in by the previous government of Giuseppe Conte, which collapsed in January, while the 2022 projection is above Conte’s target of 3.8%. Both forecasts remain above those of the European Commission, the International Monetary Fund and the Bank of Italy, which all currently see Italian growth below 4% this year and next.