Il International Monetary Fund has cut its estimates on the Italian economy for the current year. In the update of the World Economic Outlook, while signaling the first timid signs of recovery for our economy, the IMF lowered its previous estimate on the Italian GDP, which should drop by 1% in 2013.
The growth of our economy should resume in 2014, with a 0,5% increase in GDP. The Bank of Italy bulletin, released last week, spoke of a decline of 1% in 2013 and a growth of 0,7% in the following year.
The organization headed by Christine Lagarde has also lowered its forecasts on the global economy: world GDP is expected to increase by 3,5% in 2013 and by 4,1% in 2014. Both estimates show a very slight decrease, of 0,1%, compared to the previous ones. The IMF, however, affirmed that there will be an acceleration of growth in the second half of the current year.
In fact, the bulletin states that “The return to recovery after a protracted contraction has been postponed in the euro area”, while in Japan and the emerging countries the relaunch of activity seems imminent. The greatest risks, for the global economy, are represented by the possible repercussions of the euro area and by the problems of the US debt.
