Italian Trade Outlook To Improve As Exports Tick Up
Country Risk / Italy / Tue 27 Feb, 2024
Key View
- We forecast the Italian current account surplus to rise from an estimated 0.2% of GDP in 2023 to 0.9% in 2024, mainly driven by better goods exports.
- Import growth on the other hand will face crosswinds in 2024 as commodity prices remain high, while domestic economic activity comes under pressure.
- The outlook for Italian