Italy GDP

Italy

Italy: Economy grows at the fastest pace in four years in Q1 2015

May 13, 2015

In the first quarter of this year, GDP grew 0.3% over the previous quarter in seasonally- and working-day adjusted terms, according to an advance estimate released by the National Statistics Office (ISTAT) on 13 May. The result came in above both the flat growth tallied in Q4 2014 and the 0.2% rise that the markets had expected. After exiting recession in the previous quarter, the economy grew at the fastest rate in four years in Q1 2015. More detailed data will be released on 29 May.

In annual terms, GDP recorded zero growth in Q1 2015, which contrasts the 0.5% decline observed in Q4 2014. The Q1 figure marked the highest reading since Q1 2011.

The Bank of Italy expects the economy to expand 0.5% in 2015 and 1.5% in 2016. FocusEconomics Consensus Forecast panelists, however, see the economy contracting 0.2% in 2015, which is down 0.1 percentage points from last month’s forecast. For 2016, panelists expect the economy to expand 0.6%.


Author:, Economist

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Italy GDP Chart


Italy GDP Q1 2015

Note: Quarter-on-quarter changes of seasonally-adjusted GDP and year-on-year variation in %.
Source: National Statistics Institute and FocusEconomics Consensus Forecast.


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