Italy GDP to Grow in Q1
World Economy

Italy GDP to Grow in Q1

Industrial employers’ group Confindustria on Friday predicted that Italian GDP growth will be stronger in the first quarter of 2016 compared to the end of 2015, spurred by a 0.9% increase in industrial production in January, ANSA reported. Confindustria also predicted that consumer spending would get a boost from recent improvements in the Italian labor market. In its conjectural study, Confindustria said increased employment, supported by Jobs Act labor reforms, set about a “virtuous circle, strengthening both household budgets as well as confidence and propensity to consume”. This is while Italy’s economic growth slowed for the third straight time in the fourth quarter, preliminary estimate from the statistical office Istat showed Friday. Gross domestic product climbed 0.1% sequentially, slower than the 0.2% expansion seen in the third quarter and 0.3% in the second quarter. Economists had forecast a 0.3% growth. On a yearly basis, growth accelerated to 1% from 0.8% in the third quarter.


Short URL : http://goo.gl/zPFjGM
  1. http://goo.gl/cHru17
  • http://goo.gl/ZkA3v7
  • http://goo.gl/bi66Xw
  • http://goo.gl/7br5t5
  • http://goo.gl/ijlGC9

You can also read ...

Lower-income families, already pinching pennies, are most exposed, given the likelihood of tariff-related price increases on everyday items.
China canceled trade talks with the US and will no longer send...
Dairy Exports Hinder US-Canada Deal
One of the last remaining points of contention in the trade...
Apple Begins Selling IPhone XS, XS Max Worldwide
Apple’s newest iPhone XS went on sale worldwide Friday as...
EU foreign affairs chief Federica Mogherinia (L) and Transport Commissioner Violeta Bulc present the proposal  for an EU strategy for connecting Europe and Asia.
While European Union leaders were in the middle of another...
Japan to Resist New Auto Tariffs
The Japan-US ministerial-level trade talks scheduled on Monday...
Turkey, Venezuela Plan to Use Local Currencies
Turkey and Venezuela are eager to use local currencies in...
Pakistan Seeks  to Increase  Exports to China
In a positive development, an important mission from China is...
South Africa Says Will Swim Out of Recession
South African President Cyril Ramaphosa has ambitious plans to...