According to the Organization for Economic Cooperation and Development, consumption growth should restart, but households’ propensity to save “will remain high”. Investments are expected to find new life in 2022, “as public investment will increase and businesses in more resilient sectors” will begin to undertake “replacement investments”.
On the contrary, the OECD warns, the service sector “will recover more slowly as domestic demand and tourism will remain weak until an effective vaccine is widely disseminated. This – underlines the body – will aggravate the labor market and regional inequalities “.
Italy’s GDP will grow to 4.3% in 2021 and 3.2% in 2022 Again according to the OECD, after the “sharp decline” in Italian GDP in 2020 – equal to -9.1% – the national gross domestic product should increase by 4.3% in 2021 and by 3.2% in 2022. estimate is lower than that of the Interim Economic Outlook released in March, which predicted zero growth for our country. “The lockdown and uncertainty weigh on the economy”, explains the OECD, specifying that “government support has mitigated the effects on businesses and households”.
Unemployment in Italy will rise to 11% in 2021 According to OECD estimates, the Italian unemployment rate will rise from 9.4% expected for this year to 11% in 2021 and then drop slightly to 10.9% in 2022.
Italy debt continues to touch 160% in 2020-2021 The “pace of growth” of Italy will have a “great impact” on the evolution of the debt, which will remain high, “just under 160% of GDP”. According to the body, the debt-to-GDP ratio will go from 159.8% in 2010, to 158.3% in 2021, to 158.2% in 2022.
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