The growth of the Italian GDP, having “losen steam in more recent months,” could “to return to a sustained expansion from the springmainly driven by domestic demand", closing 2022 with growth"close to 4%”. She said it Wednesday Luigi Federico Signorini, president of IVASS and general manager of Banca d'Italia, speaking at a Swiss Re event.
Signorini then underlined that "the evolution of the pandemic, the supply difficulties of production inputs and energy price increases will continue to be the determining factors for growth prospects in the short term".
The estimates for 2022, therefore, are based “on the hypothesis that the current rise in infections does not lead to a sharp tightening of containment measures, thanks to the progress of the vaccination campaign and the experience gained in living with the epidemic, adopting more targeted measures and thus minimizing its negative repercussions on the economy".
Stimata then spoke of “gradual resolution of supply-side bottlenecks, at the origin of the recent slowdown in global trade”. Economic activity would thus return to "expand sustainedly since spring, mainly driven by domestic demand".
Even the investments, "after the sharp rise recorded last year, they would continue to grow at high rates, driven by the improvement in growth prospects, relaxed financing conditions and the resources to support public and private investments envisaged in the Pnrr and in the budget law" .
As for "the effects of energy price increases on the dynamics of consumer prices would progressively ease, ending towards the end of this year – Signorini said again – The underlying components of inflation would show a more contained dynamic, reflecting the progressive reduction of unused capacity margins and the gradual acceleration of wages".
