Friday, February 12, 2016

Istat: GDP growth below expectations – TGCOM

– And ‘lower than expected growth recorded by’ Istat for the fourth quarter 2015: + 0.1% against the 0.2% assumed in the monthly note published in early December. In 2015, our gross domestic product was corrected for calendar effects rose 0.6%. The annual change calculated on the raw quarterly data, amounted to + 0.7%. The government estimates contained in the Def update note for 2015 was instead of 0.9%.



 Mayor slows the  growth of the Italian GDP estimates for the entire  2015 + 0.6%

Given the trend from 2011 to the top – the economic growth of the GDP in the fourth quarter 2015 is therefore under braking compared previous. To find a lower must return to the last of 2014 (when a -0.1%) was recorded. The year started out with a + 0.4% in the first quarter, followed by a + 0.3% from + 0.2%. Instead, the variation trend (+ 1%) was the highest since the second quarter of 2011.

National Question down, towing abroad – This time the national question, composed of consumption , investments and stocks go down. Driving the growth is rather foreign. “On the demand side, there is a negative contribution of domestic component (gross inventories), more than compensated by positive net foreign component,” explains the Institute analyzing the components of GDP in the last quarter of the year .

Is there confirmation: Italy emerged from recession – Despite the slowdown at year-end 2015 confirms the exit of the recession, with GDP annual returns to that plus sign after three consecutive years in the negative. The year 2012 ended with a 2.8%, 2013 with a -1.7% and 2014 with -0.4%. The last positive figure dates back to 2011, when it was registered an increase of + 0.6%. To find a higher growth must go back to 2010. Remember, though, that these are provisional figures based on quarters. The first official estimate of the annual growth for 2015 will come next March 1.

Padoan: “The important thing is the direction of travel” – “The percentage that comes out from ‘Istat is lower than the government forecast. i would rather see a decimal in more rather than less, but as you know the decimal count for little, the important thing is the direction of travel, “said Economy Minister Pier Carlo Padoan. “The growth, after three years of deep recession, is confirmed and strengthened in 2016″, he stressed.
Even
Eurozone growth below expectations
– Below expectations also the European growth. GDP in the fourth quarter of 2015 grew by 0.3% compared to the previous year, both in the eurozone in both the EU as a whole. The growth for 2015 Eurozone settles so to + 1.5% and + 1.8% in the 28 to, in both cases less than 0.1% to the winter forecast that gave 1 respectively, 6% and 1.9%. And ‘the flash estimate of Eurostat. In the third quarter, GDP had grown by 0.3% in the Eurozone and by 0.4% in the EU, while over-year growth was respectively 1.5% and 1.8%.

Italy bringing up the rear of the big EU – With a 0.1% from the previous quarter Italy scored the lowest economic growth rate among the four largest economies: Germany + 0.3%, 0.8% more Spain, France most 0.2%. Britain also scored a higher value, plus 0.5%.

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