– The Italian economy continues to contract: according to preliminary estimates by Istat, in the third quarter of 2014, GDP fell by 0.1% compared to second and 0.4% over the same period of 2013. The engineers of the statistical point so that after 13 consecutive quarters of no growth, the Italian economy is now back “to 2000 levels.”
In the first quarter of this’ year the economy remained stagnant, while it was set back by 0.2% in the second. These numbers come as rather disappointing, in the third quarter of this year, Germany’s GDP to grow back. In Berlin, climb it than 0 , 1%, in line with analysts’ estimates, after the setback (-0.1%) in the prior quarter. Driving the German GDP is consumer spending, “increased considerably” and trade with other countries.
A 2014 from -0.3% – So, GDP gained for this year, if that is what you would get in the fourth quarter, growth was zero, it would be a negative 0.3%, according to Istat.
The economic downturn, look at the Institute of Statistics, is the synthesis of a decrease in the value added in the sector of ‘agriculture and industry and an increase in services. On the demand side, there is a negative contribution of domestic component (before last), partially offset by a positive contribution from net exports.
The quarterly figure is adjusted for calendar effects and seasonally adjusted. The third quarter of 2014 had four working days more in the previous quarter and the same number of working days compared to the third quarter of 2013. The decrease is largely in line with analysts’ expectations.
Chig Palace “We expected” – The data on quarterly GDP at 0.1% was widely expected: it’s no consolation, but not worried. The sources said the Palazzo Chigi in mind that there is a growing problem in Italy, but “now the theme of the whole of Europe.” The Prime Minister, Matteo Renzi, on his arrival in Brisbane for the G20, said that “the only way now is to get back to discuss growth and not just the box.”
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