Her finances were limited in the last months of the year, according to the country’s central bank. “According to our estimates, production remained weak in the fourth quarter,” the Bank of Italy said in its monthly report published today (17.01.2025). “The weakness in processing continued, although decreased, while added value is expected to increase again slightly in construction and services”. The economic demand side also had weak performance, officials added speaking about Italian development, according to Bloomberg. CORVERSE “The recovery of net exports due to the decrease in imports was accompanied by another weak dynamic in investment and a weakening of consumption’s contribution after the previous quarter’s jump,” the central bank said. The third largest economy in the eurozone remained stagnant in the third quarter. Data for the last part of the year are expected later this month, with economists predicting growth of just 0.2%. The Bank of Italy warned last month that growth for 2024 as a whole would probably be only 0.5%. He then said that favourable consumption trends and export recovery would then feed a recovery to 0.8% expansion in 2025 and 1.1% in 2026.
Italy: Low growth closed in 2024, according to central bank
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