- 10h ago
Bank of Italy raises 2026 growth forecast to 1%, warns of 2027-28 contraction in adverse case
The Bank of Italy now expects GDP to grow 1% in 2026, up from its June forecast, but says output could turn negative in 2027 and 2028 if commodity prices spike sharply.
- Jun 21
Italian bank lending expands at fastest pace since 2022, mortgage rates edge higher
Lending to Italian households and firms grew 3% year-on-year in May, the fastest since November 2022, even as average mortgage rates ticked up to 3.49%.
- Jun 14
AI-driven layoffs near half a million as ILO warns one in four jobs at risk
A global job tracker reports 425,000 workers laid off due to AI over three years, while the International Labour Organization projects a quarter of all jobs could be automated, hitting high-income countries hardest.
- May 29
Bank of Italy Governor Panetta Warns Gulf Conflict Could Stagnate Italian Economy, Urges EU Reform and Youth Investment
Bank of Italy Governor Fabio Panetta delivered a stark warning that the conflict in the Persian Gulf has dramatically weakened economic prospects, potentially pushing Italy into stagnation or contraction, while calling for urgent European reforms and investment in youth.