Bank of Italy, the signals are positive but growth “uncertain” – Daily Sicily

Bank of Italy, the signals are positive but growth “uncertain”

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The picture of the country in the last economic report of the Bank of Italy

Tags: Economy, Crisis, Bank of Italy
 

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ROME – Grow “favorable economic signals, it still needs to consolidate the restart of the business cycle” and therefore “the outlook is still uncertain “. It is the photograph taken by the Bank of Italy in its latest economic bulletin.

 

 In the final quarter of 2014, in fact, “even in the face of a stationary product, national accounts confirm the expansion of household consumption, exports and the acceleration signal a slight recovery of capital accumulation, particularly for machinery and transportation. In the first months of this year the trend of industrial activity is still uncertain, but there is a marked improvement in the confidence of households and businesses. “

 

 “After the slight recovery of the end of 2014 – said the institute via Nazionale – industrial production would grow, according to our estimates, only modestly in the first months of the year. Based on these data, the product in the first quarter would be slightly increased. “

 

 According to the Bank of Italy, “more favorable signals come from the qualitative surveys, which outline a framework of greater confidence in the judgments of businesses and households, especially in terms of perspective.”

 

 A supporting growth “can come from the extension of the program to purchase securities recently launched by the Council of the European Central Bank. Economic activity would also benefit from the low oil prices: the reduction of energy expenditure free resources that families and businesses can be allocated to consumption and investment, and could contribute to a product in the order of half a percentage point in two years. “

 

 The plan Quantitative easing by the ECB, if fully implemented, will according to the Bank of Italy GDP growth of the country’s more than 0.5% in 2015 and around 1.5% in 2016. These effects also “if you can add more, not easy to quantify, if a general increase in asset prices, due to the rebalancing of portfolios, provide further incentives to consumption and investment.”

Article published April 18, 2015 – ALL RIGHTS RESERVED ©

 
 
     
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