Friday, February 13, 2015

Italian GDP, stops the fall: fourth quarter unchanged, -0.3 … – Il Sole 24 Ore

Italian GDP, stops the fall: fourth quarter unchanged, -0.3 … – Il Sole 24 Ore

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This article was published on February 13, 2015 at 10:24.
The last change is the February 13, 2015 at 12:45 pm.

Zero growth in the third quarter of 2014 and down 0.3% on an annual basis for the domestic product Gross Italian. Of course, the term change anything for the last three months of last year, in lean times like the present, it is not to be thrown away, especially after long negative series.

The trend decline of 0.3% from the fourth quarter of 2013, is in fact also the thirteenth “minus” sign in a row for the gross domestic product: basically you go back up to the fourth quarter of 2011 prior to meeting Italian GDP growth.

The game, for Italy, will be played in the coming months. Will be crucial to see if the favorable formed by weak euro, falling crude oil prices, start of the first reforms, the restart of the orders on the domestic market, will finally materialize a turnaround. The estimates of the IMF accredit Italy to a meager 0.4% in the course of 2015. This figure will be confirmed if it will not be sufficient to dye pink prospects of the Italian economy. But, as stated by the Minister of Economy Pier Carlo Padoan in recent days, could ESSECI “positive surprises”, referring to an estimated growth of 0.7-0.8%.



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