Confindustria said Wednesday that its
CSC research centre has cut its forecast for Italian GDP growth
for this year from 0.9% to 0.6%.
The Italian industrial association said the climate of
uncertainty was "at an all-time high" amid fears of a trade war
sparked by United States President Donald Trump's tariffs.
It said it expects Italy's GDP to rise 1% in 2026.
It said these estimates assumed that the high level of
uncertainty will last until June.
The CSC added that in "the worst-case scenario of an eventual
protectionist escalation" Italy's GDP growth will be cut by 0.4
of a percentage point in 2025 and 0.6 a point in 2026.
So it expects Italian growth to come in at 0.2% in 2025 and 0.4%
in 2026 in the case of a trade war.
"Extraordinary measures and extraordinary courage are needed in
difficult times like these," said Confindustria President
Emanuele Orsini as he presented the forecasts.
"We need our government to have courage and for Europe to change
course.
"We need serious policies from Europe and from our country that
put industry at the center".
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