ROMA (ITALPRESS) – The Italian economy has shown “resilience to the shock of energy prices deriving from the conflict in the Middle East and we expect that a prudent budgetary orientation is maintained. As a result of an average growth in real GDP of 0.9% in the first half of the year, we saw our growth forecast for 2026 rising to 0.8%.” It says in a note the Moody’s rating agency that, “does not announce a rating action nor indicates a likely rating action in the short term.”.
Moody’s has confirmed the Baa2 rating on Italy. The agency reports that it has completed the periodic review without taking decisions on the credit rating. The prospects remain stable. “Italy’s rating is supported by a broad, diversified and high-income economy, with a strong base of internal investors supporting the financing of state securities.”.
Italy also benefits from membership of the European Union and the euro area; these strengths are balanced by the high Italian public debt, says the agency, which limits budgetary flexibility and has moderate growth prospects. Moody’s plans for Italy a 3% GDP deficit in 2026 and 2.9% in 2027, only slightly less than 3.1% in 2025. With regard to the public debt/Pil ratio, it is expected to settle around 138% in 2026 and 2027, then to begin a gradual decrease, thanks to solid primary surpluses and to the attenuation of the effect of tax credits for building renovation of the previous years.
-Photo IPA Agency-
(ITALPRESS).
