28th ASSIOM FOREX Congress  Speech by the Governor of the Bank of Italy Ignazio Visco  Parma, 12 February 2022  Economic outlook, inflation and monetary policy In 2021, the world economy recovered more than expected. Economic activity delivered a positive surprise in Italy as well, with GDP growing by 6.5 per cent.
In recent months, growth has been curbed by the new wave of infections, but it is expected to pick up again starting in the spring with the gradual improvement in the health situation.