Italy plans to maintain GDP outlook despite US tariffs

Italy plans to maintain forecasts for GDP growth of 0.6 per cent this year and 0.8 per cent in 2026 in the budget plan to be announced in the coming weeks, Economy Minister Giancarlo Giorgetti said on Sunday, despite uncertainties linked to US import tariffs.

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The government estimates for growth in gross domestic product were first made in April, and Giorgetti said they had already accounted for the potential impact of shifting trade conditions on the euro zone’s third-largest economy.

"We feel confident in confirming GDP estimates for these years," Giorgetti told a political event in Rome. "We had already factored in the impact of the trade war and everything that came with it.”