IMF ups Italy’s 2021 GDP forecast to 4.2%

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(ANSA) – ROME, APR 6 – The International Monetary Fund (IMF)
said Tuesday that it has revised its forecast for Italy’s GDP
growth to 4.2% this year.
    That is 1.2 percentage points higher than the forecast it made
in January, although it is lower than the 5.2% prediction made
last October.
    Italy had negative growth of 8.9% in 2020 due to the COVID-19
pandemic.
    The fund sees Italy’s GDP rising 3.6% next year, the same as it
predicted in January but a point higher than its October
forecast.
    It said it expects Italian unemployment to come in at 10.3% this
year, lower than the 11.8% forecast in October.
    But it sees the jobless rate rising to 11.6% in 2022. (ANSA).
   

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