Istat “over the three years of recession, the recovery now there ‘” – AGI – Agenzia Journalistic Italy

19:28 May 7, 2015

(AGI) – Rome, May 7 – Istat sees recovery after a three-year period recession ‘over . And the optimism of the statistical arrive until 2017 in the wake of the recovery in disposable income, the decline in unemployment and growth in domestic demand. In particular, in 2015 it is expected to increase the Italian gross domestic product of 0.7% in real terms, which will follow ‘a growth of 1.2% in 2016 and 1.3% in 2017.

At the same time, in 2015, increased employment (+ 0.6% in terms of units ‘work) will accompany’ moderate reduction in the unemployment rate that will amount ‘to 12.5% ​​this year and will come down’ to 12% in 2016 and 11.4% in 2017. Private expenditure
consumption ‘and’ pending consolidation in the period 2015 -2017 “.

Quest’annno private consumption will register a growth 0.5%, helped by positive developments in disposable income and the gradual increase in employment. The savings rate will amount ‘just above the values ​​of 2014. In the following two years, the rise in compensation of employees, combined with a recovery in employment,’ continue ‘to support private consumption increase of 0, 7% in 2016 and 0.9% in 2017 “.

Inflation will mark ‘a moderate recovery in 2015. In the middle of the year, the deflator of Household final consumption will amount ‘to a positive but close to zero (+ 0.2%). In the following two years, in the context of a sharp reversal of the sign of the contribution of exogenous component and the improvement of the macroeconomic internal resume ‘the inflationary process.

In the absence of the application of the safeguard clauses relating to excise duties and VAT rates, in 2016 the deflator of final consumption expenditure of households and ‘expected to average 1.4% in 2017 and will amount ‘to a value just above.
According to the institute, in 2015, its established’ markets money and capital will favor ‘the improvement of access to credit.

The economic recovery and the improved expectations will constitute a further stimulus to the resumption of the process of capital accumulation.

Investment growth will be around ’1.2% and will be’ driven mainly by machinery and equipment and the cost of property in goods’ intellectual, to which accompany ‘a slight recovery of the residential component. The dynamics of investment in other construction will result ‘a slight slowdown in the current year. The dynamics of the gross fixed capital formation and ‘expected to be stepped in 2016 (+ 2.5%) and in 2017 (+ 2.8%).