Italy's GDP will mark growth of up to 2% in 2015. This is Moody's forecast contained in the Global Macro Outlook 2014-15, in which it is estimated that the unemployment rate will move in a range between 12 and 13%.
For this year, Moody's forecasts a growth range for Italy between zero and 1% to then see an improvement in GDP of between 1 and 2% next year. For the entire Eurozone, the rating agency expects "a slow recovery with GDP growing by around 1% in 2014 and 1,5% in 2015" while inflation which is currently "low" will increase in the coming months “but only gradually”. For Moody's, a “prolonged period of low growth and low inflation remains a risk for the Eurozone”.
On the prospects of Italy and France "uncertainties remain" because "the possible impact of the reforms recently approved by the respective governments is uncertain". Moody's writes it in the report Global Macro Outlook 2014-15 which instead highlights "the progress" made in terms of reforms and fiscal adjustments "in some of the countries on the periphery of the Eurozone such as Spain, Ireland and Portugal".
