Thursday, March 5, 2015

Italy, confirmed stop falling GDP in the 4th quarter, growth is back … – Reuters Italy

ROME (Reuters) – The Italian economy stopped the fall in the last fraction of 2014, posting an increase in GDP and nothing a marginal return to investment growth after a year and a half.

‘ cutaway returned from final numbers for the fourth quarter published this morning by Istat, together with details of the components.

In the period from October to December, Italian GDP, which scored a cyclical growth from mid-2011, has recorded no change, confirming the preliminary reading, while a comparable annual fall worsened -0 , 5% from -0.3%.

“There are also more positive elements than we could have expected” , said Paolo Mameli, economist at Intesa Sanpaolo, signaling as economic growth of 0.2% recorded for investment is the most significant fourth quarter of 2010. On a year investments are still down by 1%.

If the application dlla foreign demand continues to get the push higher (+ 1.6% on quarter, up 3.8% on year), another element that leads to a moderate optimism is the growth of spending for families (+ 0.1% on the quarter, up 0.5% on year).

“The last year has returned to growth disposable income, after an uninterrupted decline since 2008 thanks to an expansive fiscal policy moderatmente, the effect of the bonus of 80 euro and the fall in prices, “emphasizes Stefania Tomasini, economist Prometeia.

According Tomasini, today’s figures “confirm that the Italian economy has started on the path of a slow recovery and reported the first beneficial effects of the depreciation of the euro and the drop in oil prices. ”

This year, the government estimates GDP growth at 0 , 6% after falling 0.4% in 2014, the third consecutive year of recession, although Economy Minister did not rule out the possibility of an upward revision in the light of the positive indications coming from confidence surveys of businesses and families.

Looking at the schedule of contributions to growth in the fourth quarter , to be reported is the negative weight of stocks (-0.6% on the quarter). More …

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