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Italian Market Insight: Tough Challenges Despite Modest Growth
The economic environment is still the same, GDP growth is expected to be 1% in 2024 and 1.1% in 2025, with no big increases as expected but still showing a moderate acceleration compared to 2023. Private consumption continues to be supported by the strengthening labour market and real wage increases. This dynamic will lead to +0.4% growth in household consumption in 2024 and +1% in 2025. A sign of positivity which is much needed for many business owners nationwide. Nevertheless the forecast…