GDP, Bank of Italy cuts the estimates in 2016 to + 1.1%, + 1.2% in 2017 – Il Sole 24 Ore

In the period 2016-2018 in Italy will continue boosting employment, “driven by the gradual consolidation of economic activity and by measures to support labor demand.” The forecast is contained in the “macroeconomic projections for the Italian economy” spread today by Bank of Italy, which estimates a total increase in employment of around 2% in the period (by almost 2.5% in the private sector). The unemployment rate is expected to hand down gradually, reaching 10.8% in 2018 (over 1 percentage point less than in 2015). As to the overall growth of the economy, in the second quarter of 2016 should maintain the same pace of the first: + 0.3 percent. On a yearly average, the product would increase by 1.1%, and accelerate to 1.2% in 2017 and 2018. Compared with macro projections in the January Economic Bulletin, the estimate was revised downwards (was +1 , 5% for both 2016 and for 2017), reflecting “especially a weaker world economy.”

The European Central Bank lowers estimates on GDP. Italy uses the ‘treasure’ to cut the deficit

Inflation in growth from 2017
According to the National Institute via inflation will remain ” zero in the middle of this year before recovering only gradually (to 0.9 per cent in 2017 and 1.5 in 2018). ” In particular, the trend in prices, “reflects both the contribution of the imported component is that of domestic prices, mainly driven by the cyclical recovery in profit margins.” Excluding the energy component, the consumer price index would rise 0.6 percent in 2016, 1.0 in 2017 and 1.5 in 2018.

“” Excluding the energy component, the consumer price index would rise 0.6 percent in 2016, 1.0 in 2017 and 1.5 in 2018 » “

macroeconomic projections Bank of Italy

Continue slowdown in emerging countries
projections Institute also they take care of the emerging countries. “The forecasting framework is affected by the weakness of the international scenario, which mainly reflects the slowdown in emerging economies, in line with the most recent assessments by international organizations, ‘say the projections of via Nazionale for the next three years in the exercise of coordinated ‘Eurosystem. In particular “would continue to support the growth of the highly expansionary monetary conditions, the stance of fiscal policy and oil prices remain at low levels.”

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