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Italy GDP to drop to 0.4% due to war in 2023 - OECD

Inflation to fall from 7.8% this year to 4.7% next

(ANSA) - ROME, SEP 26 - Italy's GDP is set to drop to 0.4% due to the Ukraine war in 2023, from 3.4% this year, the Organization for Economic Cooperation and Development said in its intermediate economic prospects Monday.
    The 0.4% figure is a 0.8% cut from the previous OECD forecasts in June.
    Eurozone growth will fall from 3.1% to 0.3% in 20123, said the report titled The Price of War.
    That is 1.3% down on June's estimate.
    Italian inflation will fall from 7.8% in 2022 to 4.7% in 2023, the OECD added.
    Eurozone inflation is forecast to drop from 8.1% to 6.2% while G20 inflation will fall from 8.2% to 6.6%, said the forecasts.
    The Ukraine war poses a threat to global food security, the report added. (ANSA).
   

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