After sales data e on trust of the market, more bad news is coming from Istat. For Italy, "in the light of the current macroeconomic scenario, a growth rate of 1% for 2011 appears difficult to achieve today". This is the opinion of Enrico Giovannini, president of the Institute of Statistics, received today in a hearing in the Senate to discuss the amendments to the bis maneuver.
So confirm the difficulties predicted yesterday by the IMF, which cut growth estimates for Italy for this year and next. The “prospects for 2011 are rather modest for our economy – added Giovannini – The growth rate of GDP acquired on an annual basis is equal to 0,7%, a value similar to that recorded for Spain, against 1,3, 1,4% in the United States, 1,6% in France, 2,7% for the whole of the euro area and XNUMX% in Germany”.
Furthermore, in the coming months, “the rate of growth of the GDP appears substantially dependent on the evolution of net foreign demand and on its possible driving role on business decisions and, subsequently, on consumption”. Even from this point of view, however, "the slowdown of the world economy and the increase in the penetration of foreign products into national markets make it difficult to imagine a net increase in the overall rate of development".
