S&P raises GDP estimates for Europe, Italy from + 4.9% to + 6% in 2021

• Fitch raises estimates for Italy: 2021 GDP at + 5.7%

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September 23, 2021

S&P Global raised Italy's growth estimates in 2021 to + 6%, from the + 4.9% expected at the end of June.

Those for 2022 are reduced from + 4.9% to + 4.4%, while growth of + 1.8% in 2023 is confirmed. Europe's prospects have been revised upwards.

"The rebound of the European economy since the restrictions were lifted in March-April has been surprisingly strong, both in terms of GDP and employment, prompting us to raise our growth estimates to 5.1%, from 4.4. % of our previous forecast, "the report reads.