S & P cut its growth forecast: for Italy’s GDP up 1.1% in 2016 and + 1.3% in 2017 – Il Sole 24 Ore

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This article was published March 30, 2016 at 12:15.

economists Standard and Poor’s revise downward even Italy’s growth estimates for 2016 and 2017. in its report published today, “Flying on one engine: the Eurozone economy is fighting for altitude “states that for this year it is estimated an increase of 1.1% (compared to 1.3% of the projections in November) and for 2017 a growth of 1.3 % (compared with 1.4% in November). Same goes for the other European countries: for Spain is expected GDP to + 2.6% in 2016 (versus 2.7%) and + 2.3% in 2017 (versus 2.4%). More pronounced the difference for Germany: it is estimated a 1.6% growth for this year (compared to 2% in November) and 1.7% for 2017 (compared with 1.8%). Finally in France it is expected growth of 1.3% for 2016 (compared to 1.6%) and 1.5% for 2017 (compared to 1.6%). Overall, the Eurozone Standard & amp; Poor’s expects an average growth rate of 1.5% in 2016 and 1.6% in 2017, instead of 1.8% and 1.7% as previously estimated.

S & amp; P: Italian GDP from 1.1% in 2016 to + 1.3% in 2017
They are the consumption to lead the recovery, supported, among other things, from politics accommodative monetary ECB. As for Italy, drawn by a “growing recovery in consumption,” GDP in Italy by Standard & amp; Poor’s, therefore, is intended in 2016 and stood at 1.1%, to grow further in 2017 to + 1.3%. S & amp; P notes that the unemployment rate in Italy, from November 2015 to March 2016, increased from 12.1% to 11.9%. At the end of 2016 should reach sull’11,8%, only to fall further to 10.2% in 2017. The inflation rate, however, is now 0.1%, in 2017 is expected to increase up to +1.2 %, with these differences country by country: + 2.3% in Spain, 1.9% in Holland, 1.7% in Germany, 1.6% in Belgium, 1.5% in France, + 1.3% in Italy.

Fitch cuts on Italy estimates: GDP + 1% in 2016 and + 1.3% in 2017
S & amp; P is not the first rating agency to scale down their estimates of the GDP. The March 7 was Fitch to lower Italy’s growth forecasts (+ 1% for 2016, compared to + 1.3% indicated in December and 1.3% for 2017, compared to + 1.5% ).

Italy in 2016: + 1.4% for the EU, + 1% for OECD
waiting for the Def April the government, so far the last as executive officer on the GDP goes back to last September’s update notes that fixed the rod growth to 1.6% for both 2016 and for 2017. But it also appears to the Commission EU has already revised downward slightly in February the Italy’s growth estimates: + 1.4% (from + 1.5%) in 2016. And + 1.3% (from + 1.4%) in 2017. Ditto the OECD predicted that in February an increase of 1% in 2016 to Italy, 0.4 percentage points lower than the Outlook of November. however confirmed the 1.4% estimated for 2017.

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