Gross domestic product, zero growth in the second quarter – BBC

The figure is worse than expected. Even those who at the time were indicated as the most negative, ie those of Confindustria that still indicated a 0.15% growth. Instead in the second quarter of 2016 gross domestic product was unchanged compared to the first three months of the year (when growth was 0.3%) and increased by 0.7% compared with the second quarter of 2015. The announced Istat on the basis of preliminary estimates. The second quarter of 2016 had one working day more than the previous quarter and a working day more than in the second quarter of 2015. The acquired change in GDP for 2016, after six months, amounted to + 0.6%.

Brake industry

the quarterly change in gross domestic product

is the synthesis of an increase in value added in the agriculture and service sectors and a decline in the industry. On the demand side, there is a slight negative contribution of domestic component offset by a positive contribution from net foreign component. In the same period, remember to ISTAT, GDP increased by 0.6% in quarterly in the UK and 0.3% terms in the United States, whereas there was no change in France. In trend terms, there was an increase of 2.2% in the UK, 1.4% in France and 1.2% in the US. Overall, according to widespread estimates on July 29 last year, the GDP of the euro area countries increased by 0.3% from the previous quarter and by 1.6% in comparison with the same quarter of 2015.

GDP deficit ratio

the government was already revising downwards its prospects of economic growth for this year and next, imagining that the public deficit compared to Product gross domestic would go up more than 1.8% expected. The Ministry of Economy worsened the growth took for granted. But, he has repeatedly said the charge of the department Pier Carlo Padoan, should not result in the abandonment of the envisaged measures: the freezing of VAT increases in the reduction of IRES for companies. The EU rules take into account the impact of the economic fact on the public accounts: the important, Via XX Settembre, is to ensure the reduction in the ratio of debt to GDP and what should occur by the end of 2016. From the first, 2% expected in April, the 2016 growth will fall almost certainly below 1%. Since below that level is not yet clear, and this figure certainly do not augur well.

The expectations of Treasury

was expected an increase of only 0.1-0.2%, after a decline in industrial production in June confirmed the slowdown in economic activity . On the economic framework weigh negatively Brexit the effects of which could have a negative impact on the Italian product this year from 2 to 4/10 of a point. The Bank of Italy, in the July bulletin, has already settled its forecast for 2016, bringing the expected growth below 1%. As did the Parliamentary Budget Office. A worsening of the half-point growth could weigh on the deficit could rise theoretically up to 2.9% of GDP, but not breaching the 3% threshold. But it would impact on the ratio of debt to GDP, which this year was projected to decline from 132.7% in 2015 to 132.4%.

August 12, 2016 (modified August 12, 2016 | 12:38)

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