Milan, June 3 (LaPresse) – The OECD estimates that Italy’s GDP growth will stand at 0.5% in 2026, “as the renewed energy price shock will weigh on household consumption, investment and exports, offsetting the momentum from the increased disbursement of PNRR funds.” This is stated in the OECD Economic Outlook, which revises upward the forecasts contained in the Interim Economic Outlook published on March 26, which had projected growth of 0.4% for 2026. The surge in energy prices “will increase inflation, wiping out recent gains in real wages.” In 2027, lower energy prices and reduced uncertainty will bring growth to 0.6%. “Italy’s outlook is relatively exposed to developments in the Middle East conflict, given the high share of energy sourced from imported fossil fuels and the importance of manufactured exports,” the OECD notes. “Pursuing fiscal consolidation, alongside a comprehensive programme of structural reforms aimed at boosting productivity and employment, will help reduce the debt burden and improve the economy’s resilience to external shocks,” the organisation explains.
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