The economy of Italy gained 0.2 percent growth during Q4 in 2016, this result was relatively lower than the initial estimates, however, Europe’s third-largest economy manifested some recovery from the previous adversities including political instability and Banca Monte rescue.
The GDP data of the country were issued on Tuesday showing 0.9 percent increase which marks the best result on an annual basis. Italy’s significant growth is not sufficed to outperform the European Union. The performance of the Italian Republic for the fourth quarter slowed down along with the countries Germany and France with a 0.4 percent surge recorded within the same period. According to a forecast released for this week, the European Commission predicted that Italy is the only EU nation to have lower output in 2017.
Moreover, economists further expect that the country will acquire 0.3 percent increase as December’s industrial production data came in positive, however, global trades affected this development Daniele Antonucci, an economist from a London-based financial corporation, gave warnings about the possible cut down in the manufacturing sector.
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