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The Central Bank of Italy has lowered its economic growth forecast for 2026.
Jin10 data reported on October 17, the Central Bank of Italy has lowered its expectations for economic growth next year, due to ongoing global trade tensions dragging down exports, putting pressure on the recovery prospects of the eurozone's third largest economy. According to the latest forecasts released by the bank on Friday, Italy's GDP is expected to grow only 0.6% in 2026, down from the previous estimate of 0.8%. The Central Bank still expects economic growth of 0.6% this year (higher than the government's latest forecast of 0.5%) and a growth rate of 0.7% in 2027. The Central Bank of Italy stated that after recording a contraction in the previous quarter, the economy “may see moderate growth” in the third quarter.