Italy's business lobby Confindustria said on Saturday the country's growth this year would be more robust than expected, mainly due to a more contained impact of the COVID-19 Delta variant and stronger-than-expected economic indicators.
In a report, the association's research unit CSC forecast gross domestic product would rise 6.1% this year and 4.1% next year, going above pre-pandemic levels in the first half of 2022.Its forecasts for this year are now just above the 6% expected by the national unity government lead by Mario Draghi.
The CSC report cautioned that, starting from the last quarter of this year, GDP growth would have a more "moderate profile". It added that, despite the "positive perspectives", the forecasts had downside risks that were linked to the possibility of new COVID-19 restrictions, the lack of raw materials that could bog down production and more structural inflation.
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