Tuesday, March 1, 2016

Istat, GDP + 0.8% in 2015. Cala deficit / GDP and fiscal pressure. Renzi: owls are zero – The Messenger

The GDP returning to growth after three years of declines, the deficit / GDP ratio coming down along with the tax burden: the last Istat are cheering the premier Matteo Renzi .

in 2015, Italian GDP increased by 0.8%, returning to growth after three years of declines, communicates the ‘Istat with reference to the gross domestic product in volume. A first estimate of the Institute, diffused in mid-February, and based on the quarters, had given the GDP to + 0.7%. The provision contained in the update note to Def last September showed an increase of 0.9%.

Istat has revised upward by 0.1 percentage points the annual growth rate of GDP for 2014, from -0.4 to -0.3% (in volume). “The GDP volume is still below the level recorded in 2000″.

The deficit / GDP ratio in 2015 was 2.6%, after 3% in 2014. The debt in relation to GDP is in line with the document estimates of economics and finance of the government and it is the lowest since 2007, bringing back the clock to before the financial crisis. The primary surplus (excluding interest payments on the debt) is down 1.5%, the lowest since 2011. “In absolute terms, the debt is -43.101 billion euro, a decrease of more than 5.5 billion compared to the previous year. ” Istat, shows figures for 2015 which saw an improvement of GDP deficit ratio, from -3% in the past -2.6%, in line with government forecasts.

in 2015 the Italian debt is 132.6% of GDP, the highest since 1995, ie since the time series were reconstructed (in 2014 it stood at 132.5%). The figure is lower than the forecasts of the Government in the Def update note, which indicated a ratio of 132.8%. In absolute terms, the 2015 debt amounted to about 2.17 trillion euro, a record high.

The tax burden in 2015 amounted to 43.3% of GDP, the lowest level since 2011 when he scored 41.6%, Istat certifies noting the decline three decimals of the GDP compared to 43.6% in 2014.

in January, the unemployment rate was 11.5%, virtually unchanged from August. Even the estimate of the unemployed in January is stable, the synthesis of a decline among men and an increase among women. Are estimates published today by ISTAT. In January, continues the statistical office, the estimation of inactive people between 15 and 64 years decreased by 0.4% (-63 thousand). The decline is determined by the female component and mainly affects people between 50 and 64 years. The inactivity rate drops to 35.7% (-0.1 percentage points).

As for the employed, after falling in December 2015 (-0.2%), in January 2016, the esteem grows by 0.3% (+70 thousand persons employed), returning to the level of August. The growth is determined by the permanent employees (+99 thousand), while the fall term employees (-28 thousand) and independents remain broadly stable. The increase in employment relates to both men and women. The employment rate, at 56.8%, increasing by 0.1 percentage points from the previous month. Compared with the previous three months, during the period November 2015-January 2016 there was the fall of inactive persons (-0.3% to -43 thousand), compared with a slight increase in unemployment (0.3% to +9 thousand) and a substantial stability in the number of persons employed. On an annual basis the number of employed increased by 1.3% (+299 thousand), while fall is unemployed (-5.4% or -169 thousand) is inactive (-1.7% EUR -242 thousand).

in 2015, gross fixed investments in Italy come back to grow, with an increase of 0.8%. The notes Istat, adding that this is the first increase after eight years, the last positive change was in 2007.

In 2015, agriculture has recorded the highest increase in added value with a + 3.8%, the agri-food exports reached a record 36.8 billion euro threshold with + 7.5%, youth employment increased by 16% with more than 20,000 new jobs. These numbers speak for themselves of the ability to be a leader. This is the photograph of the sector in the year of Expo 2015, an event in which Italy has
 able to team up and present a united front. They are data that encourage us and tell us that the work we are doing
 It is bearing fruit, as the young Campolibero packet up to the internationalization plan of Made in Italy. Results which, however, will not stop us because we know that a lot more work needs to be done from
 some agricultural sectors in trouble today
. The Minister of Agriculture Maurizio Martina on Istat data. In this spirit, we are in the field every day to promote growth and support the sector, with three top priorities: protect the incomes of those who live from agribusiness, foster generational and organize on
 new bases of our excellent supply chains. It is no accident – adds Martina – who in the food stability law has had an absolute centrality: this year cut by 25% the tax burden on companies, canceling Irap and IMU on land which alone were worth 600 million euro . With the same goal – the Minister concluded – we proposed a reform of our organization to arrive at a real
 Italian Ministry dell’Agroalimentare able to give unity and strength to the sector. This is certainly not only a change of name, but a strategic choice daughter of the needs and potential of the sector,
 increasingly crucial actor in the new model of development of the country
.

 

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