IMF, GDP on the rise for Italy: + 5.8% in 2021. Ratio with public debt falls: 154.8%

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

• Istat: deficit / GDP ratio in 2020 at 9.6%.

  Debt / GDP at 155.6%

• OECD revises global GDP estimates, Italy at + 5.9% in 2021

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12 October 2021 The International Monetary Fund revises its

for Italy for 2021

upwards

, when GDP is expected to rise by 5.8%, or 0.9 percentage points more than the July forecasts. For 2022, growth is unchanged at 4.2%. With + 5.8% this year, Italy is growing more than the euro area average, which marks a + 5% in 2021. By 2026, the Italian GDP is estimated at + 1.0%.

Good news also on

: public debt in Italy drops to 154.8% in 2021, compared to 155.8% of GDP last year and in 2022 it will fall again to 150.4%, to settle at 146, 5% of GDP in 2026.

The International Monetary Fund writes this in the update of its World Economic Outlook, which however underlines how monetary policy in general "will have to walk on a fine line", having to keep inflation and financial risks under control, on the one hand, other support the economic recovery. The IMF notes in the introduction of the World Economic Outlook a

to pre-pandemic levels by mid-2022, but with "considerable differences between countries".

The IMF cites the cases of the US, Great Britain and some developing economies where inflation is higher.

"Although central banks can normally look beyond periods of transient high inflation, they must be ready to act quickly - it says - if the risks materialize on high expectations of expensive life".

The

in Italy will amount to 10.3% in 2021 and will rise to 11.6% in 2022, estimates the International Monetary Fund.

Among other European countries, the Fund estimates unemployment at 15.4% for Spain in 2021 and at 15.8% for Greece.