The Bank of Italy’s economic projections, which see GDP mark + 5.1% this year, + 4.4% in 2022 and + 2.3% in 2023, depend on the assumptions that the national and global health improvement is consolidated, which continue the decisive support of budgetary policy and that monetary and financial conditions remain favorable ”. The institute of via Nazionale specifies how this framework is heavily dependent on the effectiveness of the support and relaunch measures which would raise the level of GDP by about 4 percentage points accumulated in the three-year forecast period; about half of this effect is attributable to the PNRR interventions.
Elements of uncertainty with respect to growth projections are linked to the evolution of the pandemic, to the methods of implementation of the projects connected to the PNRR and to the response of consumption.