MILAN- Italy's economy grew at a 6.3% rate last year and economic activity is set to slow down to 3.7% this year and to 2.7% in 2023, think-tank REF forecast on Friday.
Easing growth is expected to go hand in hand with rising inflation. After a 1.8% rise last year, inflation rate should double to 3.6% in 2022 before slowing to 1.1% the following year, REF said in a report.
According to the Milan-based think-tank, "this is the first time since long ago" that Italy has emerged from a crisis without a wider gap in terms of per capita income compared to major European countries.
(Alessia Pé, editing by Maria Pia Quaglia) ((firstname.lastname@example.org; +390680307742;))