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FILE PHOTO: International Monetary Fund logo is seen inside the headquarters at the end of the IMF/World Bank annual meetings in Washington, U.S., October 9, 2016. REUTERS/Yuri Gripas/File Photo

ROME (Reuters) – The Italian economy could grow by around 4.25% this year, the International Monetary Fund said on Tuesday, hiking its previous forecast of 3% made in January.

The IMF said its projection, made in a report following its annual so-called “Clause IV” visit to Italy, was dependent on COVID-19 vaccinations being well advanced by late summer and continued economic support measures.

It warned that the latest forecast was surrounded by “considerable uncertainty”.

Reporting by Gavin Jones; Editing by Crispian Balmer