37153
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 ...

Nigeria Inflation Dips Further
For the eight consecutive months, Nigeria’s inflation rate...
Exports extended their growth trajectory for the ninth consecutive month in August.
Economic growth in the third quarter is expected to receive a...
Capital outflows through the banking system have accounted for as much as $27 billion since the crisis.
Unsurprisingly, Qatar has been on the investor radar...
Ethiopia topped the list with FDI inflows surging  by 46% to $3.2 billion.
Foreign direct investment inflows to West African countries...
Currently, the total amount of the eurozone’s NPLs is estimated at $1 trillion. However, undercapitalized Italian banks are objecting  to such ECB recommendations.
The European Central Bank is poised to start wrapping up its...
Angola Rating Downgraded
Moody’s Investors Service has Sunday downgraded the long-term...
Every 1% increase in GDP is expected to equal roughly 1.8 million new jobs.
China’s unemployment rate has hit its lowest point in multiple...
Tanzania Current A/C Deficit Shrinks
Tanzania’s central bank revealed that its current account...

Trending

Googleplus