World Economy

Italian Economy on Track

Italian Economy on TrackItalian Economy on Track

Barclays sees Italian economy on track and expects a solid growth rate due to the following business environment of the economy, Business Insider reported. Consumer and business confidence data suggest the pace of GDP expansion is likely to remain similar to Q1 (+0.3% q/q). Private consumption should continue to benefit from low inflation, improving labor market and lending conditions and maintenance of the current neutral fiscal policy stance. Meanwhile, exports are expected to resume, fuelled by a weak euro and strengthening of global demand, including from the US economy (which absorbs about 20% of Italian exports outside the EU).