{"id":1679149,"date":"2022-10-08T06:50:12","date_gmt":"2022-10-08T10:50:12","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1679149"},"modified":"2022-10-08T06:50:47","modified_gmt":"2022-10-08T10:50:47","slug":"italy-business-lobby-cuts-2023-economy-growth-forecast-to-zero-on-energy-concerns","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/italy-business-lobby-cuts-2023-economy-growth-forecast-to-zero-on-energy-concerns\/","title":{"rendered":"Italy business lobby cuts 2023 economy growth forecast to zero on energy concerns"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fitaly-business-lobby-cuts-2023-economy-growth-forecast-to-zero-on-energy-concerns%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1679149&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p>MILAN (Reuters) \u2013     The Italian economy will grow more than expected in 2022 but will stagnate in 2023, the country\u2019s main business lobby said on Saturday, warning that tensions between the European Union and Russia over gas supplies made the outlook highly uncertain. <\/p>\n<p>In a report Confindustria downgraded its expectation for GDP growth in 2023 to zero, from 1.6% forecast in April, while revising its estimate for 2022 to 3.4% from 1.9% thanks to the Italian economy\u2019s excellent performance in the first half year. <\/p>\n<div id=\"div-gpt-ad-1663871513696-art-1\">\n<\/div>\n<p>The 2023 downgrade echoes government projections and comes after Mario Draghi\u2019s outgoing administration last week slashed its growth forecast for next year to 0.6%, due to sky-high energy costs. Still it said GDP would expand 3.3% in 2022, up from 3.1% forecast in April.<\/p>\n<p>The lower forecasts for next year underscore the economic headwinds facing Giorgia Meloni, who led a right-wing alliance to victory in elections last month and is expected to be named prime minister this month.<\/p>\n<p>\u201cIf tensions between the EU and Russia were to escalate to such an extent as to lead to further price jumps and\/or the blocking of gas supplies, the negative effects on production activity would be more severe, implying a more pronounced recession,\u201d Confindustria said in its report. <\/p>\n<p>Moscow and several European countries, including Germany, have been at loggerheads over the supply of natural gas from Russia since the country invaded Ukraine in February.<\/p>\n<p>Russian gas now accounts for only around 10% of Italian gas imports, down from around 40%, while the share from Algeria and the Nordics has increased.    <\/p>\n<p> (Reporting by Gianluca Semeraro; Editing by David Holmes)<\/p>\n<p><a href=\"https:\/\/www.oann.com\/uncategorized\/italy-business-lobby-cuts\/attachment\/file-photo-a-woman-shops-at-campo-de-fiori-market\/\"><img decoding=\"async\" src=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-content\/uploads\/2022\/10\/tagreuters.com2022binary_LYNXMPEI9704U-BASEIMAGE.jpg\" alt=\"tagreuters.com2022binary_LYNXMPEI9704U-BASEIMAGE\" \/><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>MILAN (Reuters) \u2013 The Italian economy will grow more than expected in 2022 but will stagnate in 2023, the country\u2019s main business lobby said on Saturday, warning that tensions between<\/p>\n","protected":false},"author":66,"featured_media":2315279,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1679149","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1679149","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/66"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1679149"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1679149\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1679149"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1679149"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1679149"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}