Slow recovery: GDP +0, 2%, Padoan “can do better” – AGI – Agenzia Journalistic Italy

23:23 August 14, 2015

(AGI) – Rome, Aug. 14 – Resumption slow to Italy but in line with expectations. In the second quarter of 2015 gross domestic product and ‘increased by 0.2% over the previous quarter and by 0.5% in comparison with the second quarter of 2014. The increase in cyclical as expected but the Institute of Statistics and ‘more’ content from the first quarter (+ 0.3%). The change gained in GDP for 2015 and ‘equal to + 0.4% (+ 0.2% in the first three months). According to the Ministry of Economy data and ‘in line with the estimate of a 0.7% growth in 2015. Disappointed instead Confindustria for which there is a real need to restart and do more’. “The second-quarter GDP grows as by expectations,” said ministry spokesman economy, Pier Carlo Padoan. “After 13 consecutive quarters of downward trend, – he adds – we have two quarters of growth. The country can ‘and must do better: structural reforms and economic policy will favor the acceleration. These data demonstrate that the programming of public finance and ‘estimates based on correct and reliable. ” For the leaders of the industrial Giorgio Squinzi ‘and’ what we expected. Unfortunately and ‘confirmation that there is no’ real re-start. We strongly hope “that the second half of the year will be better,” otherwise there will be trouble. ” “We must create conditions favorable to the company, this is ‘the real problem. In

Italy, until’ we will be so ‘locked from all bureaucratic and administrative complications and more’ with all the problems that we do not reform, not we will move, “adds Squinzi. Under the expected gross domestic product of Germany and France. The French economy sealed: in the second quarter, GDP remains unchanged compared to the previous quarter, after an encouraging + 0.7% in the first quarter. Economy Minister Michel Sapin maintains a + 1% its estimates on growth in 2015. Germany, however, recorded a growth of 0.4% in seasonally adjusted GDP in the same period. Analysts were expecting a + 0.5% after + 0.3% in the first quarter. On an annual basis the economy and ‘grew by 1.6% after + 1.2% in the first quarter. The economy also slowed in the Eurozone (+ 0.3% against + 0.4% economic situation in the first quarter of this year). Finally, in the second quarter GDP and ‘increased by 0.6% in quarterly terms in the United States and 0.7% in the UK. In trend terms, and ‘increased by 2.3% in the US and 2.6% in the UK.