World Economy

Italy Q4 Growth Moderate

Italy Q4  Growth ModerateItaly Q4  Growth Moderate

Italy’s economy grew moderately in the fourth quarter of last year thanks to firm domestic demand, while full year 2016 growth came in slightly above the most recent official forecast, data showed on Tuesday, Reuters reported. Gross domestic product rose a quarterly 0.2% at the end of the year, following a 0.3% rise in the July-to-September period, and was up 1.1% on an annual basis, national statistics bureau ISTAT reported. That compared with an average forecast of a 0.2% rise quarter-on-quarter, up 1% year-on-year, in a Reuters survey of 27 analysts.

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