{"id":899159,"date":"2026-04-14T13:22:24","date_gmt":"2026-04-14T18:22:24","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/14\/bank-of-italy-cuts-growth-forecast-to-0-5-this-year-and-next\/"},"modified":"2026-04-14T13:22:24","modified_gmt":"2026-04-14T18:22:24","slug":"bank-of-italy-cuts-growth-forecast-to-0-5-this-year-and-next","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2026\/04\/14\/bank-of-italy-cuts-growth-forecast-to-0-5-this-year-and-next\/","title":{"rendered":"Bank of Italy Cuts Growth Forecast to 0.5% This Year and Next"},"content":{"rendered":"<div>\n<section>\n<p>Article content<\/p>\n<p>(Bloomberg) \u2014 The Bank of Italy lowered the country\u2019s economic growth forecast for this year and next due to the impact of the US war on Iran.<\/p>\n<\/section>\n<section data-aqa=\"identity-sign-in\" data-async id=\"article-block\">\n<header>\n<div>\n<p><img decoding=\"async\" alt=\"Financial Post\" height=\"37\" loading=\"lazy\" src=\"https:\/\/dcs-static.gprod.postmedia.digital\/21.0.1\/websites\/images\/identity\/logo-identity-fp.svg\" width=\"280\"><\/p>\n<div>\n<p>THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY<\/p>\n<p>Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul>\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman, and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div>\n<p>SUBSCRIBE TO UNLOCK MORE ARTICLES<\/p>\n<p>Subscribe now to read the latest news in your city and across Canada.<\/p>\n<ul>\n<li>Exclusive articles from Barbara Shecter, Joe O&#8217;Connor, Gabriel Friedman and others.<\/li>\n<li>Daily content from Financial Times, the world&#8217;s leading global business publication.<\/li>\n<li>Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account.<\/li>\n<li>National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on.<\/li>\n<li>Daily puzzles, including the New York Times Crossword.<\/li>\n<\/ul>\n<\/div>\n<div>\n<p>REGISTER \/ SIGN IN TO UNLOCK MORE ARTICLES<\/p>\n<p>Create an account or sign in to continue with your reading experience.<\/p>\n<ul>\n<li>Access articles from across Canada with one account.<\/li>\n<li>Share your thoughts and join the conversation in the comments.<\/li>\n<li>Enjoy additional articles per month.<\/li>\n<li>Get email updates from your favourite authors.<\/li>\n<\/ul>\n<\/div>\n<div>\n<p>THIS ARTICLE IS FREE TO READ REGISTER TO UNLOCK.<\/p>\n<p>Create an account or sign in to continue with your reading experience.<\/p>\n<ul>\n<li>Access articles from across Canada with one account<\/li>\n<li>Share your thoughts and join the conversation in the comments<\/li>\n<li>Enjoy additional articles per month<\/li>\n<li>Get email updates from your favourite authors<\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/header>\n<div data-auth-component id=\"auth-screen-form\" aria-live=\"assertive\">\n<h2>Sign In or Create an Account<\/h2>\n<p><span><\/span><span>or<\/span><span><\/span><\/p>\n<\/div>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p>Gross domestic product in the euro-area\u2019s third-biggest economy is seen rising 0.5% in both 2026 and 2027, compared to previous forecasts for gains of 0.6% and 0.8% respectively, according to the central bank\u2019s latest projections released Friday. The institution still sees a 0.8% increase for 2028.<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p>\u201cThe outbreak of the conflict and the spike in energy prices will have a negative impact on the short-term outlook, squeezing domestic demand in the current quarter and in the two quarters ahead,\u201d officials said in the report. \u201cEconomic activity is assumed to regain strength in early 2027, as inflationary pressures ease.\u201d\u00a0<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p>The Iran war has driven up oil and gas prices, with forecasts for growth being revised in countries including France and Germany.\u00a0<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<div aria-labelledby=\"FinancialPostTopStories204611781960503105418986006773760\" data-account-id=\"b9d3df2fccd108b5eff3c44f573b2cd6\" data-aqa=\"widget-newsletter\" data-newsletter=\"single\" data-newsletter-component data-target-list=\"FP_HeadlineNews\" data-widget=\"newsletter\">\n<p>By signing up you consent to receive the above newsletter from Postmedia Network Inc.<\/p>\n<\/div>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p>Italy, the European Union\u2019s second-largest gas consumer after Germany, relies on the fuel for about 40% of its energy mix, Prime Minister Giorgia Meloni is under pressure to shield citizens with ad hoc tax cuts and other measures. That in turn is putting a strain on public finances, with the government trying to balance between protection and fiscal probity.<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<p>Consumer price inflation is set to rise to 2.6% in 2026, mainly as a result of the surge in commodity prices, and then to return to just below 2% in 2027 and 2028, the central bank said.<\/p>\n<\/section>\n<section>\n<p>Article content<\/p>\n<\/section>\n<\/div>\n<p> Bloomberg News <br \/><a href=\"https:\/\/financialpost.com\/pmn\/business-pmn\/bank-of-italy-cuts-growth-forecast-to-0-5-this-year-and-next\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Article content (Bloomberg) \u2014 The Bank of Italy lowered the country\u2019s economic growth forecast for this year and next due to the impact of the US war on Iran. THIS CONTENT IS RESERVED FOR SUBSCRIBERS ONLY Subscribe now to read the latest news in your city and across Canada. Exclusive articles from Barbara Shecter, Joe<\/p>\n","protected":false},"author":1,"featured_media":899160,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[23317,2379],"tags":[5805,16096],"class_list":["post-899159","post","type-post","status-publish","format-standard","has-post-thumbnail","category-growth","tag-growth","tag-italy"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/899159","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=899159"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/899159\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/899160"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=899159"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=899159"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=899159"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}