Published by Global Banking & Finance Review®
Posted on September 23, 2025
1 min readLast updated: January 21, 2026
Add as preferred source on GoogleItaly's economy is set to grow by 0.5% in 2023 and 0.7% by 2026, with plans to cut the budget deficit below 3% of GDP this year, ahead of schedule.
ROME (Reuters) -Giorgia Meloni's government expects Italy's economy to grow by 0.5% this year and 0.7% in 2026 under an unchanged policy scenario, people close to the matter told Reuters ahead of official publication of the new forecasts next week.
The forecasts, still subject to possible marginal changes before their publication, do not include the impact of stimulus measures the government intends to adopt in the next few weeks as part of its 2026 budget package, the people said.
Economy Minister Giancarlo Giorgetti said this month Rome would maintain its current official targets for gross domestic product growth of 0.6% this year and 0.8% in 2026, in the upcoming budget plan.
Giorgetti also said Italy could cut its budget deficit below the European Union's 3% of GDP ceiling this year, 12 months ahead of schedule.
(Reporting by Giuseppe Fonte, editing by Gavin Jones)
Italy's economy is expected to grow by 0.5% this year according to the government's forecasts.
Economy Minister Giancarlo Giorgetti stated that the official targets for GDP growth are 0.6% for this year and 0.8% for 2026.
Yes, Giorgetti mentioned that Italy could cut its budget deficit below the European Union's 3% of GDP ceiling this year, a year ahead of schedule.
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