Bankitalia corrects negative estimates of GDP for 2015
Rome, Jan. 16 – It ‘just started a year and estimates of GDP growth are already Italian resized. The last Economic Bulletin published by Bank of Italy still sees uncertain global outlook, market volatility high, deflationary threats, rising unemployment and low investment . The Institute of Via Nazionale notes that an improvement in the first half of the year is possible, but still uncertain. For this the institute via National has cut estimates of GDP in 2015 from 1.3% to 0.4% . For 2016, however, the GDP would be around 1.2%.
Perspectives also uncertain as to the labor market and investment , while the ‘ Inflation should go back but slowly. Continue also the decline in corporate loans , which were affected by the low demand and supply conditions, an improvement only for large companies.
As for the consumer The Bulletin notes that “in Italy in recent quarters consumption started to increase to a limited extent but their contribution to economic growth was offset by a decline in investment.”
The recurrence with which these bulletins procrastinate in time a mysterious economic recovery begins to take on the contours of the paroxysm. There shall spans economic and Renzi will have its work cut out to appease Italians and the expectations of European partners.
Joseph Stables
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