Italian growth surprised positively in 2023, reaching 0.9%, thanks to investments, still driven by construction, and the recovery of services. Looking ahead, there are two powerful stimuli: the interest rate cutwhich the markets assume in June, July at the latest, and theimplementation of the NRP. On the other hand, various factors will tend to dampen Italian GDP in the two-year period (albeit with a net positive effect): the cost of electricityworld bottlenecks in the transportthe gradual exit from the superbonus.

If on growth and deficit reduction the Centro Studi Confindustria confirms what the public finance framework indicates, less in line is the forecast on debt: for the CSC it is at 139.1% of GDP in 2024, 1.8 points of GDP higher than in 2023, and at 141.1% in 2025. For the government it is 137.8 and 138.9 respectively.

From Confindustria also came some proposals on specific topics, including: tax reform; implementation of the PNRR; measures to mitigate energy costs for Italian companies and reduce foreign dependence; Transition 5.0 Plan; and the final abolition of plastic and sugar tax.