The European Commission confirms, with its spring economic forecasts which it presents today in Brussels, the estimates on Italy's economic growth which it had already published three months ago with the winter forecasts, and which see GDP growing by 0,6 % this year and 1,2% in 2015, after a 1,9% reduction in 2013.
Also confirmed are the data on the public deficit compared to GDP, which is forecast at 3% in 2013, 2,6% this year and 2,2% in 2015. On the other hand, compared to the winter forecasts, the figures for public debt to GDP: 132,6% in 2013, 135,2% this year and 133,9% in 2015. Three months ago, the Commission forecast 132,7, 133,7 and 132,4 respectively for hundred.
Again with respect to the winter forecasts, the unemployment rate is also slightly worsening: stable at 12,2% in 2013, increasing to 12,8% this year (compared to the 12,6 previously estimated) and 12,5% % (compared to 12,4) in 2015. Annual Inflation is forecast at 1,3% in 2013, 0,7% this year and recovering to 1,2% in 2015 (in forecasts of winter was higher, at 0,9% this year and 1,3% in 2015).
The data published shortly before by Istat were the same, according to which noIn 2014, Italy's gross domestic product will grow by 0,6%, in real terms. Again according to Istat, the unemployment rate is set to grow in 2014, to a record 12,7% (the EU indicates 12,8% in this case) from 12,2% in 2013. According to the forecasts of the statistics institute, unemployment will only fall in 2015 (to 12,4%) and 2016 (to 12%).
Meanwhile, the data relating to the eurozone is also arriving from Brussels: GDP growth in the eurozone was confirmed by the European Commission at 1,2% this year. It is estimated that it will reach 1,7% next year. In February, the estimate was 1,2% and 1,8%. In the EU 1,6% and 2% against the previous estimate of 1,5% and 2%. Unemployment will drop from 12% in the Eurozone in 2013 to 11,8% this year and 11,4% in 2015; in the EU from 10,8% in 2013 to 10,5% in 2014 and 10,1% in 2015. In February, the Commission forecast 12% and 11,7% for the Eurozone; for the EU 10,7% and 10,4%.
