Il Italian gross domestic product he has grown in 2015 by 0,6%but the data incorrect for calendar effects (there were three more working days than in 2014) is equal to + 0,7 %. In the solo fourth quarter moreover, the GDP increased by last year 0,1 % compared to the July-September period (against the +0,2% forecast at the beginning of December and the +0,3% consensus of analysts elaborated by Bloomberg) and the1% every year. The numbers – back positive for the first time since 2011 – are contained in the preliminary estimate released on Friday morning by Istat.
La government forecast entrusted to the latest update of the Economic and Financial Document spoke of a growing GDP 0,9 % in 2015. In fact, the Minister of the Economy spoke on the matter today from Ecofin Pier Carlo Padoan: “The 0,7% that comes out of Istat is lower than the government's forecast. I would have preferred to see one decimal more rather than less, but as we know decimals don't matter much, the important thing is the direction of travel. Growth, after three years of deep recession, was confirmed and strengthened in 2016”, underlined Padoan.
The exit of the Italian GDP from the recession comes after -2,8% of 2012, -1,7% of 2013 and -0,4% of 2014. The latest positive figure dates back to 2011, when growth stood at 0,6%. To find higher growth, we need to go back to 2010. The official estimate of the statistical institute for 2015 will be published on March XNUMXst.
