EU commission sees Germany 2023 GDP growth at 0.2%, Italy 1.2% - newspaper
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2023-05-15 14:59
ROME The European Commission will forecast Germany's economic growth this year at 0.2%, while projecting a 1.2% rate

ROME The European Commission will forecast Germany's economic growth this year at 0.2%, while projecting a 1.2% rate for Italy, Italian daily La Stampa reported on Monday, citing Brussels-based sources.

The Commission will issue its spring forecasts at 0900 GMT on Monday.

The 0.2% rise in gross domestic product forecast for Germany would confirm the Commission's previous forecast made in February, but is more downbeat than Berlin's own most recent projection of 0.4% made last month.

The Commission sees the euro zone's largest economy growing by 1.4% next year, La Stampa writes, slightly above its February forecast of 1.3%.

Brussels' 1.2% forecast for Italy is an upward revision from a 0.8% estimate made in February, and it is also above the Rome government's official forecast of 1.0%.

Brussels forecasts Italian growth to remain broadly stable next year at 1.1%, La Stampa said, which is a marginal upward revision from its February forecast of 1.0%.

For the euro zone as a whole, the Commission will forecast growth this year at "slightly above" its previous forecast of 0.9%, the paper said, without being more specific.

The broader European Union will also see its growth rate revised "slightly up" from the February projection of 0.8%, the newspaper said.

It offered no forecast for 2024 for the EU or the euro zone.

(Reporting by Gavin Jones, editing by Gianluca Semeraro)

Tags economy germany forecasts italy epus finance