Tuesday, March 1, 2016

Istat: GDP grows, the deficit falls Renzi: “The truth is in” – TGCOM numbers

– The ‘Istat has revised upward by one basis point rate of change of the GDP for 2014, from -0.4 to -0.3%. In 2015, however, GDP at market prices totaled 1,636,372,000 current euro, an increase of 1.5% over the previous year. Volume GDP increased by 0.8%, an increase after three consecutive years of declines.



 Istat: GDP  grows, the deficit fallsRenzi: & quot; The truth  is in the numbers & quot;

in absolute volume levels still remain below those recorded in 2000.

Renzi: “That’s the real numbers” – Matteo Renzi public via Facebook message titled “the truth , please, on the “numbers, and begins with” Warning: post stinging for owls and talk “to continue like this:” After average of editorials, talk, reconstructions, we can finally shed light on the real numbers of the Italian economy? “. He then goes on to list a number of positive indicators for the Italian economy. “for me, the numbers are not important. Are the stories behind that detect. No to the dictatorship of the numbers, yes to the human dimension of politics. But the great experts who every day make us moral numbers say clearly that the reality is stronger than their ideology. Or of their prejudices. “

” At the economic level, the international situation is not easy, the markets are fluctuating, the crisis has left terrible aftermath: we know that there is still much to be done, starting with the battle against youth unemployment and the struggle for investments, especially in the South. But we do it all together, without fear, with a unified strategy that has breath and horizon. “

Padoan” we are growing, commitments kept “ – Economy Minister Pier Carlo Padoan said the latest numbers by saying that” the government keeps its commitments of public finance in a context where the growth is. “It states that “I draw from these data the belief that the government’s strategy is to move forward along lines taken so far.”

the deficit / gDP falls 2.6% – instead the ratio of deficit to GDP, fell in 2015 to 2.6% after 3% in 2014, remaining in line with the estimates of the Document of economics and finance of the government and slid to the lowest since 2007, a figure which thus brings us to the previous years the financial crisis. The primary surplus, excluding interest payments on debt, was down 1.5%, the lowest ie by 2011.

lighter tax burden – ISTAT then he says that the pressure of the tax in 2015 amounted to 43.3% of GDP, the lowest level since 2011, when he scored 41.6%. In 2014 the ratio was 43.6%.

Padoan: new rate cuts only if compatible – Padoan however braking on any new tax cuts explaining: “Beyond the announcements of new cuts, which will still placed in a compatibility framework, should be evaluated the impact of those already made in terms of consumption, investment and employment. “

higher and higher debt – though Salt debt, which it reached 132.62%, the highest since 1995 (in 2014 it had stood at 132.5%. the figure is lower than the government forecasts that in the Def update note indicated a ratio of 132.8%. in absolute terms , we 2.170 billion euro, a figure never touched before.

Down interest payments – Continue to decline at an accelerated pace the interest expenses on the public debt, which in 2015 marks a fall of 8% after the reduction of 4.2% in 2014. Also as part of the outputs, the Mayor points out that the “strong increase in other capital outlays (+ 17.7%) have weighed the strong growth of investment grants and the repayment of arrears for the pensions paid in 2012 following the judgment no.

A rise in investments after eight years – They return to growth in 2015 gross fixed capital formation, which mark an increase of 0.8% 70/2015 of the Constitutional Court. “. It is the first increase after eight years to find the last positive change we must go back to 2007.

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