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Istat: 2016 GDP beyond expectations (+0,9%)

The figure corrected for the effects of the calendar marks an increase of 1% - The result is in line with EU estimates and higher than the Government's expectations - In the fourth quarter, GDP recorded +1,1% on an annual basis .

It grows beyond government expectations Italian GDP. In 2016, in fact, the growth of GDP was 0,9% in raw terms, 0,9% compared to 2015. This was announced according to which the figure corrected for calendar effects instead marks an increase of 1,0 .XNUMX%. Exceeded, as mentioned, the estimates of Government, which in last October's budgetary planning document had forecast a rise in raw terms of 0,8% after 0,7% in 2015. The Istat figure is, however, in line with EU estimates.

According to the fourth quarter alone, however, the Italian GDP adjusted for seasonally adjusted calendar effects increased by 0,2% (after +0,3% in the third quarter) compared to the previous quarter and by 1,1% on a base annual. The fourth quarter of 2016 had three working days fewer than the previous quarter and two fewer than the fourth quarter of 2015. The acquired change in GDP for 2017 is +0,3%.

The earthquake also weighed on the economic situation which, observes Coldiretti. “It hit a rural area, weighing on the economic downturn recorded by agriculture, in contrast with the other sectors and the general trend”. "There are thousands of farms in the earthquake-hit areas of the municipalities of Lazio, Marche, Umbria and Abruzzo - continues the statement - where there is a significant presence of farms with over 100 thousand animals including cows, sheep and pigs with a flourishing agro-industrial induced with dairies , salami factories and oil mills from which prestigious specialties famous all over the world are obtained. The collapse of stables, barns, dairies and the massacre of animals have limited the production activity in the countryside while depopulation has reduced the market opportunities for the products that have survived the tremors that continue to stress - Coldiretti specifies - also animals with cows and sheep that have reduced milk production by at least 30% and abortions are multiplying also because they are often forced to live outdoors in many cases by the collapse of the stables”.

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