The OECD area resumed moderate growth in the first quarter of the year. And Italy stands out positively. In the first part of 2023, the area’s gross domestic product grew by 0.4% quarterly, a slight increase compared to +0.2% in the previous quarter. According to provisional estimates by the Organization for Economic Cooperation and Development […]
Tag: GDP
War in Ukraine and Russia’s GDP fall after Western sanctions
The effects of the war in Ukraine are also being felt in Moscow. Also thanks to Western sanctions, Moscow is experiencing a contraction in its economy. Russia’s GDP contracted by 1.9% in the first quarter of 2023, according to a preliminary assessment by the Russian Bureau of Statistics (Rosstat), a year after the barrage of […]
Italy is growing beyond expectations. Germany and France are still in the game
Istat certifies a positive performance for Italian growth. Indeed, the estimate for the first quarter of 2023 points to an increase in GDP of 0.5% compared to the previous three months and 1.8% in terms of trend. Furthermore, this data is better than previous cautionary analyses, which estimated +0.2% for Italy for the quarter and […]
GDP is growing faster than estimates. Giorgetti: responsible ambition pays off
“Responsible ambition pays off. Inferences are matched by facts.” Economy Minister Giancarlo Giorgetti thus welcomes the Istat data on GDP. Indeed, in the first quarter of 2023, it is estimated that gross domestic product increased by 0.5% compared to the previous quarter and grew by 1.8% in trend terms. Istat notes this, explaining that the […]
What the Economy Meloni (and Italy) risks with EU Stability Pact reform The same open limits, but more realistic debt cuts and soft fines: so the Commission’s proposal is a double-edged sword.
Austerity is dead, long live austerity. The Stability Pact reform was supposed to be a turning point for EU fiscal policy, which focused more on reducing public debt than on economic growth. However offer The draft, presented in Brussels on Wednesday, does not touch the 60% thresholds on debt or the 3% deficit thresholds inherited […]
How is it going in Italy? GDP, bills, pensions and employment: restart in progress
The forecast contained in the Economic and Financial Document of GDP growth of 0.9%, higher than the 0.6% assumed in November, is just the latest sign of confidence that reaches the Italian system. Both the more favorable economic situation a year ago and the work of the Meloni government are producing some results that can […]
GDP, more OECD confidence in Italy. But the recovery remains fragile
Improved prospects for a global economy that remains fragile. This is what emerges from the OECD’s March Economic Outlook. Business and consumer confidence improves, food and energy prices fall, elements that form part of the scenario surrounding global growth, which is expected to reach +2.6% in 2023 and +2.9% in 2024. For Italy, the Organization […]
GDP, Istat revises estimates: “Data below expectations”. consumption alarm
Lower-than-expected data for the Italian economy. In the fourth quarter of 2022, gross domestic product (GDP) fell by 0.1% from the previous quarter and increased by 1.4% in trend terms. And the acquired change in GDP for 2023 is equal to +0.4%. This is the Istat survey, which explains that the estimate released on January […]
Italy avoids recession. EU estimates increase 2023 GDP to +0.8%
There will not be another black swan, this is the unpredictable event that can change the course of events. In short, the economy is moving towards normality. Which, therefore, also means a return to the rules of the Stability Pact. “I don’t expect more black swans”, not least because “enough is enough”, so the general […]
GDP, high estimates. In 2023, Italy will grow (+0.8) and avoid recession
“The EU economy entered 2023 in a healthier-than-expected state and looks poised to escape recession.” The statement was made by the European Commissioner for the Economy, Paolo Gentiloni, who today presented the European Commission’s winter economic forecasts. Gone are the days when, in light of the Ukrainian war, an unprecedented recession, stagflation and energy crisis […]