"Overall growth this year should be above 6%," the Bank of Italy's head of economics Fabrizio Balassone told parliament in a testimony on the government's 2022 budget this Tuesday.
Balassone added that the economic activity will keep growing in Q4 albeit at a slower rate than in the previous two quarters.
It’s worth noting that the Italian GDP rate grew by 2.6% in Q3 2021.
Market reaction
EUR/USD is off the intra-day highs, trading around 1.1260, up 0.23% on the day, as of writing.
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