Italy's Economic Outlook Dims as Growth Forecasts Are Halved

In a significant revision of its economic projections, Italy's government is set to reduce its 2025 growth forecast from an initial 1.2% down to a mere 0.6%. This adjustment, as reported by a government source to AFP, reflects growing concerns over the impact of international trade tensions, particularly the tariffs imposed by the United States.

Prime Minister Meloni's Upcoming Meeting with Trump

Prime Minister Giorgia Meloni, who has openly criticized President Donald Trump's tariff policies, is scheduled to discuss these issues directly during her visit to Washington on April 17. The outcome of this meeting could have significant implications for Italy's economic strategy moving forward.

Bank of Italy Adjusts Its Projections

Adding to the government's revised forecasts, the Bank of Italy has also lowered its growth estimate for 2025 to 0.5%, with adjustments for the following years indicating a cautious outlook on the country's economic recovery.