(Teleborsa) – Good news for Italian families. According to the latest OECD report on growth and welfare, in the third quarter the growth rate of real household income per capita slowed across the Organization Area to 0,2% compared to +0,6% in the previous three months.
Italy, however, is an exception. Indeed, among the seven largest economies is theonly country where real per capita household income jumped by 0,8% exceeding the growth of GDP per capita which is instead stable at 0,4%.
The OECD points out that real household income per capita gives a better picture of the economic well-being of households than real GDP per capita.
As for the other "big" ones, the marked deterioration in the UK, where the figure showed a contraction of 0,3% after the boom in the second quarter (+2,5%).
Contraction also in Germany (-0,1% after the previous +0,5%) while in the United States real per capita household income has not recorded any changes after +0,4% in the second quarter.
Not only. The EU has 2018 GDP revised slightly upwards: from the 1,3% expected in November it rises to 1,5%. +1,5% for 2017 confirmed. "Although the recovery in Italy is becoming more self-sustained, growth prospects remain moderate, given the limited growth potential of the Italian economy", writes the EU Commission in its interim economic forecasts . The downside risks are "largely connected to the still fragile state of the Italian banking sector". The assumption, however – specifies the commission – is that the policies will not change, ie that Italy "continues with the implementation of the pro-growth reforms already adopted and that it continues prudent budgetary policies".
