Moody's says Italy's GDP up 0.4%, with Hormuz escalation -0.3%

(ANSA) - ROME, MAY 12 - The Italian economy would grow by 0.4% in 2026 under Moody's "central" scenario, which assumes"conditional" navigation through the Strait of Hormuz for Asian energy importers. This is the lowest growth among all G20 countries, except Saudi Arabia. However, while the "optimistic" scenario of a "de-escalation" would increase GDP by 0.6%, Italy would record -0.3% in the "pessimistic" scenario in which "the fragile ceasefire gives way to a new military escalation." This is...

By ANSA