Italy trims 2025, 2026 GDP growth estimates | Business

MILAN, Italy, Oct 3, 2025 (BSS/AFP) - The Italian government said Thursday it was trimming its growth estimates for this year and the next, but said its deficit-to-GDP ratio was currently at the EU-mandated threshold of three percent. For this year, gross domestic product (GDP) will rise by 0.5 percent and by 0.7 percent next year, the economy ministry announced in a press release following a cabinet meeting. Rome had previously planned for 2025 growth of 0.6 percent and 2026 growth of 0.8 percent. Previous forecasts already factored in a decline in exports linked to new US tariffs, with Italy being Europe's third-largest exporter to the United States. "These figures are based on very conservative estimates, which are currently also...