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News Analysis: Economic forecasting in Italy challenging amid pandemic - World News


2021-01-27 23:05:29 GMT2021-01-28 07:05:29(Beijing Time) Xinhua English
ROME, Jan. 27 (Xinhua) Amid political turmoil and uncertainty connected to the coronavirus pandemic, economists say predicting Italy s economic performance in the near- or medium-term amounts to a guessing game.
Earlier this month, Italy s Finance Ministry predicted the country s economy will grow by 6.0 percent compared to last year. That is more optimistic than other forecasts the research branch of Banca Intesa Sanpaolo in early January predicted 4.7-percent economic growth for the year, which is higher than the 3.0-percent estimate this week from the International Monetary Fund.
But according to most analysts, there is too much uncertainty to accurately predict how the economy will perform for the year as a whole. ....

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