S&P sees Italy’s GDP mark + 4.9% in both 2021 and 2022

S&P Global Ratings in its Economic Outlook Europe for the third quarter of 2021 has revised its growth estimates upwards, including those for Italy. Now the rating agency estimates that Italian GDP will increase 4.9% both this year and in 2022. According to S&P, the Recovery and Resilience facility could add 1.3% -3.9% to the GDP of the ‘Eurozone over the next five years, to the benefit of countries such as Greece, Portugal, Italy and Spain, by reducing the economic gap in the Eurozone.