The Bank of Italy lowered the country’s economic growth forecast for this year and next due to the impact of the US war on Iran.
Pedestrians walk past the Banca D'Italia, Italy's central bank, in Rome, Italy, on Sunday, May 5, 2013. Italian banks' corporate loan book will worsen this year as the euro region's third-biggest economy remains mired in its longest recession in two decades, according to the nation's central bank. Photographer: Alessia Pierdomenico
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
A worker inspects a pressure gauge during routine maintenance at the combined cycle gas turbine power plant, operated by Sorgenia SpA, in Aprilia, Italy, on Tuesday, Jan. 13, 2026. European gas has come down substantially from the energy crisis peak while Brent crude futures slumped 18% last year.
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
A worker inspects a pressure gauge during routine maintenance at the combined cycle gas turbine power plant, operated by Sorgenia SpA, in Aprilia, Italy, on Tuesday, Jan. 13, 2026. European gas has come down substantially from the energy crisis peak while Brent crude futures slumped 18% last year.
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
Italy’s deficit breached the European Union’s ceiling last year in the biggest fiscal setback for Prime Minister Giorgia Meloni’s government since she took office in 2022.
A worker inspects a pressure gauge during routine maintenance at the combined cycle gas turbine power plant, operated by Sorgenia SpA, in Aprilia, Italy, on Tuesday, Jan. 13, 2026. European gas has come down substantially from the energy crisis peak while Brent crude futures slumped 18% last year.
Damage caused by the US’s war against Iran will continue to have a negative impact on the global economy even if hostilities end soon, according to European Central Bank Governing Council member Fabio Panetta.
Damage caused by the US’s war against Iran will continue to have a negative impact on the global economy even if hostilities end soon, according to European Central Bank Governing Council member Fabio Panetta.
Damage caused by the US’s war against Iran will continue to have a negative impact on the global economy even if hostilities end soon, according to European Central Bank Governing Council member Fabio Panetta.
Damage caused by the US’s war against Iran will continue to have a negative impact on the global economy even if hostilities end soon, according to European Central Bank Governing Council member Fabio Panetta.
European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
Fabio Panetta, governor of the Bank of Italy, during a news conference in Florence, Italy, on Thursday, Oct. 30, 2025. The European Central Bank left interest rates unchanged for a third meeting, with inflation in check and the economy continuing to grow. Photographer: Alessia Pierdomenico/Bloomberg
European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
European Central Bank Governing Council member Fabio Panetta said that officials mustn’t let war-driven inflation stoke wages, while cautioning against too strong a response.
Fabio Panetta, governor of the Bank of Italy, during a news conference in Florence, Italy, on Thursday, Oct. 30, 2025. The European Central Bank left interest rates unchanged for a third meeting, with inflation in check and the economy continuing to grow. Photographer: Alessia Pierdomenico/Bloomberg
The Italian government’s aid to businesses and families aimed at protecting them from higher prices caused by the US war in Iran won’t damage the country’s fiscal position, Economy Minister Giancarlo Giorgetti said.
The Italian government’s aid to businesses and families aimed at protecting them from higher prices caused by the US war in Iran won’t damage the country’s fiscal position, Economy Minister Giancarlo Giorgetti said.
Lights switched on in a residential home next to an electricity pylon in Turin, Italy, on Thursday, Nov. 27, 2025. Europe’s energy firms did much better than expected in the third quarter, as stronger refining margins offset the impact of subdued oil prices, though the outlook going into 2026 remains uncertain.
The Iran war is forcing soul-searching within the global economic elite on how to respond to a series of shocks that show no signs of abating.
Attendees stand on the banks of Lake Como during the Ambrosetti Forum in Cernobbio, Italy, on Saturday, Sept. 7, 2019. The 45th annual forum is titled "Intelligence On The World, Europe And Italy".
The Iran war is forcing soul-searching within the global economic elite on how to respond to a series of shocks that show no signs of abating.
Attendees stand on the banks of Lake Como during the Ambrosetti Forum in Cernobbio, Italy, on Saturday, Sept. 7, 2019. The 45th annual forum is titled "Intelligence On The World, Europe And Italy".
The Iran war is forcing soul-searching within the global economic elite on how to respond to a series of shocks that show no signs of abating.
Attendees stand on the banks of Lake Como during the Ambrosetti Forum in Cernobbio, Italy, on Saturday, Sept. 7, 2019. The 45th annual forum is titled "Intelligence On The World, Europe And Italy".
Nouriel Roubini predicted that US President Donald Trump is more likely to escalate his war in Iran to obtain a win than back down and risk worse consequences on the economy and international order.
Nouriel Roubini predicted that US President Donald Trump is more likely to escalate his war in Iran to obtain a win than back down and risk worse consequences on the economy and international order.
Nouriel Roubini predicted that US President Donald Trump is more likely to escalate his war in Iran to obtain a win than back down and risk worse consequences on the economy and international order.
Nouriel Roubini predicted that US President Donald Trump is more likely to escalate his war in Iran to obtain a win than back down and risk worse consequences on the economy and international order.
The Italian government is set to cut its economic growth forecast, reflecting a hit from the war in the Persian Gulf.
Pedestrians near the St. Peter's Basilica in Rome, Italy, on Sunday, Dec. 14, 2025. “We want an Italy that is loyal to its partners but is subject to nobody,” Italian prime minister Giorgia Meloni said in wide-ranging remarks at the Atreju party event in Rome on Sunday.
The Italian government is set to cut its economic growth forecast, reflecting a hit from the war in the Persian Gulf.
Pedestrians near the St. Peter's Basilica in Rome, Italy, on Sunday, Dec. 14, 2025. “We want an Italy that is loyal to its partners but is subject to nobody,” Italian prime minister Giorgia Meloni said in wide-ranging remarks at the Atreju party event in Rome on Sunday.
Italian Premier Giorgia Meloni called on Tourism Minister Daniela Santanche to resign as she attempts to clean house after a defeat in a key referendum this week, in a sign of growing turmoil within her government.
Italian Premier Giorgia Meloni called on Tourism Minister Daniela Santanche to resign as she attempts to clean house after a defeat in a key referendum this week, in a sign of growing turmoil within her government.
European Central Bank policymakers would be ready to raise interest rates as soon as their next meeting should fallout from the war in Iran push inflation too far above target, according to people familiar with the situation.
European Central Bank policymakers would be ready to raise interest rates as soon as their next meeting should fallout from the war in Iran push inflation too far above target, according to people familiar with the situation.
European Central Bank policymakers would be ready to raise interest rates as soon as their next meeting should fallout from the war in Iran push inflation too far above target, according to people familiar with the situation.
European Central Bank policymakers would be ready to raise interest rates as soon as their next meeting should fallout from the war in Iran push inflation too far above target, according to people familiar with the situation.
Italy’s government approved a temporary cut to excise taxes on fuel in a bid to help citizens deal with higher costs caused by the conflict in the Middle East.
Italy’s government approved a temporary cut to excise taxes on fuel in a bid to help citizens deal with higher costs caused by the conflict in the Middle East.
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