GDP first quarter + 0.3%, is the highest growth for 4 years – The Messenger

Italy returned to growth, albeit slightly. The increase in GDP in the first quarter of the year was 0.3% compared to the last quarter of 2014. This was announced by ISTAT in the preliminary estimates, instead of calculating an annual basis no change. The results are better than expected by analysts. In the last quarter of 1014 the GDP was unchanged compared to the previous quarter and was down by 0.5% compared to the same period last year.

To find a more significant increase must go back to the first quarter of four years ago, when growth was 0.4%. The acquired growth of GDP for 2015 is 0.2%.

The economic growth, noted the Institute of Statistics, is the synthesis of an increase in value added in the sectors of agriculture and of ‘Industry and substantially stationary in services. On the demand side, the Istat recorded a positive contribution to the national component (gross inventories) increased the contribution of the negative net exports.

The data on GDP “is exceeding our expectations. It is too early to declare victory, but it is the signal of the turn impressed by the policies of the Government. With the mix of reduction of taxes, support for consumption, stimulate investment and reforms have created conditions to seize the window of opportunity given by QE and the drop in oil. ” The minister says Pier Carlo Padoan.

 13 May 2015 10:24 – Last Updated: 15:29

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