Domenica, 21 Ottobre 2018

Italy's GDP up 1.4% in 2017, highest in 7 years - ISTAT (3)


Rome, February 14 - Italy's GDP rose by 1.4% in 2017
with respect to the previous year, according to a preliminary
unadjusted estimated based on quarterly data released by ISTAT
on Wednesday.
This is the highest level since the Italian economy grew by
1.7% in 2010.
The national statistics agency's calendar-adjusted growth
estimate was a rise of 1.5% last year - there were two working
days fewer in 2017 than 2016.
The government forecast growth of 1.5% for last year.
However, Italy's gross domestic product has still not yet
recovered to its pre-crisis level, ISTAT said.
The agency said the country's GDP for the fourth quarter of
2017 was 5.7% down on the peak reached in the first quarter of
Italy's GDP was up by 0.3% in the fourth quarter of 2017
compared to the previous three months and by 1.6% with respect
to the same period in 2016, according to a flash estimate
released by ISTAT.
The quarter-on-quarter rise was slightly lower than the 0.4%
registered in the third quarter, as was the year-on-year figure,
which was 1.7% for the July-September period.

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