Giovedì, 18 Ottobre 2018

Italian GDP down 0.4% in 2011, Istat says


(ANSA) - Rome, October 4 - Overall growth for 2011 had
dropped to preliminary estimates calculated in March of 0.4%
said a report released Thursday with revised gross domestic
product (GDP) figures by Italian statistics agency Istat.
Overall growth in 2010 was 1.8%.
The growth was driven mainly by an increase in exports, up
6.0%, the agency reported.
Household spending remained unchanged since 2010 at 0.1%,
while disposable household incomes decreased by 0.8% and the
savings rate dropped to 8.8% from 9.7% in 2010.
The government net borrowing-to-GDP ratio decreased 3.9% in
2011 from 4.5% in the previous year, while the overall
government debt was 120.7% of GDP.

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