Growth prospects are foreseen for Italy in the coming months. The Italian economy is driven especially by the demand for investment in machinery and equipment, and is growing at a faster rate than that observed in the second quarter of 2017.
This was affirmed by Giorgio Alleva, president of Istat, on the occasion of the hearing in the Budget Commission of the Chamber and Senate on the Update Note to the Def.
However, it is not only positive news that emerges. Indeed, Alleva underlined that “the gap in female employment compared to the European average is still very strong”. As for women, there is also a strong need for young people to intervene to facilitate participation in the labor market, considering that the unemployment rate, despite the reduction, remains very high.
The employment policies of the last 12 months have moved in this direction: of the new 375 employed, 167 are under 35 years old.
In the meantime, on Tuesday morning, Istat revised the Italian GDP upwards in the first quarter, with the economic figure passing from +0,4% to +0,5%, while the second quarter was corrected downwards, from +0,4% to +0,3%. Instead, the annual growth of 1,5% was confirmed.
Continuing with the data published by Istat, households' propensity to save is down (-1,5 points on an annual basis, the lowest level since 2012), with household purchasing power unchanged compared to the previous quarter.
