ROME, April 9 (Reuters) – Italy expects slower GDP growth due to temporary factors, Economy Minister Giancarlo Giorgetti said on Thursday.
Giorgetti told parliament Rome was preparing to cut its growth estimates although data did not indicate a structural deterioration in the Italian economy.
Sources have told Reuters the government is considering cutting its estimate for this year’s growth to 0.5% or 0.6% from a current 0.7% target, and lowering next year’s outlook to 0.6% or 0.7% from 0.8%.
“Downward revisions to growth forecasts are limited and are mainly attributable to external and temporary factors, primarily the energy crisis,” Giorgetti said.
The Italian government is due this month to update its public finance and GDP growth estimates for 2026 and the following years.
(Reporting by Giuseppe Fonte, editing by Gavin Jones)
