Italy projects 0.8% GDP growth for 2026 and rising tax revenues of €346.1 billion in first seven months
Italy's Economy Minister predicts near-1% growth in 2026 while tax revenues rose by €9.4 billion year-on-year in the first seven months of 2026.
Italian officials now forecast economic growth for 2026 exceeding the government's original plan of 0.6%. Economy Minister Giancarlo Giorgetti stated that the economy has already secured 0.8% growth, with figures potentially approaching 1% if current indicators remain favorable. This assessment was made on the closing day of the Teha Cernobbio Forum and is currently significant because it precedes the drafting of the 2027 Budget Law. In parallel, public finances received a positive signal through rising tax revenues. During the first seven months of 2026, state tax revenue totaled €346.1 billion. This figure represents an increase of €9.4 billion compared to the same period in 2025, reflecting a 2.8% year-on-year rise according to the Ministry of Economy and Finance. Pietro Reichlin, an economist and professor at LUISS University, described this outlook as a realistic estimate but noted that structural issues such as low productivity and unfavorable demographics continue to hold back the economy. Higher employment data is cited alongside the revenue increase.
