Friday, March 4, 2016

The GDP in 2015 driven by the calendar. The Treasury optimistic on growth in 2016 – BBC

Eight hundred million euro. Were the three days worked in more last year than in 2014, worth 813 million to be exact, to save the Italian gross domestic product by a figure “statistical” even worse than it is the reality of the economy, however, he returned to grow after three years. According to ISTAT figures in the fourth quarter of 2015, the GDP grew by just 0.1% on the previous quarter, confirming the gradual slowdown in growth, playing with a 0.4% and affievolitasi in subsequent quarters to 0.3%, then 0,2%. Albeit with some positive element, which pushes the Treasury at a moderate optimism about the possibility of bringing this year’s 1.6%, the result is that the GDP last year, adjusted for seasonal factors and those calendar so on a consistent basis, it rose by only 0.6% compared to 2014. a push of 0.8% announced in Brussels, a level a little ‘closer to the executive estimates (0.9%), were those three days later machined. The gap is also due to rounding, which reduced to 0.6% a 0.64% value, and pushed a rise of 0.8% which was 0.76%.

In 2016, between 1.4 and 1.5%

From London, Economy Minister Pier Carlo Padoan, he immediately tried to extinguish the controversy. “Italy has resumed growth after years of recession, but it is not yet time to celebrate,” he said speaking to the City of London. “The growth of jobs, and permanent posts”, he added, is “a powerful boost to the revival of confidence.” Some positive elements emerged by the Istat data. Private consumption at the end of 2015 they put a sign the strongest rise in five years, with a 1.3%, while investments go up by 1.6%, the highest increase since the second quarter of 2007. If there had been a decrease in inventories, emphasizes the Treasury, the GDP growth in the last quarter of 2015 would have been 0.5%. For this year, a 1.6% growth “is not unrealistic.” It would be gained if the international situation was not bad, which will push the government to reduce the target 2016 between 1.4 and 1.5%.

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