Italy Said to Plan Cutting Growth Forecast to as Low as 0.5%

The Italian government is set to cut its economic growth forecast, reflecting a hit from the war in the Persian Gulf.

The estimate expected to be made public in April, may be reduced to as low as 0.5% for 2026 from a current 0.7%, according to people familiar with the matter who spoke on the condition of anonymity. Officials are still computing the data, so numbers may change. The Finance Ministry responded to a request for comment saying it is too soon for any forecasts.