Italy

Italian economy in difficulty – ISTAT

cde.news desk 7 March 2019, 07:03 · 1 min read

I04-20010917-MILAN, ITALY: A trader looks on a screen at "Borsa di Milano" stock market, Milan on Monday 17th September 2001. Technology stocks and Italy's flag carrier Alitalia shares were especially hard hit on Monday as the New York Exchange opened trading for the first time since 11 September' s deadly terrorist attacks in the United States. About an hour after the New York opening, the Mibtel was down 1.66%, while the Mib30 was down 1.11%, but a later rally reduced the overall losses, with the Mibtel down only 0.15 and the Mib30 down 0.78%. The Dow Jones was down 6.18% and the Nasdaq was down 5.50% in early trading. EPA PHOTO ANSA/DANIEL DAL ZENNARO

ISTAT, the Italian National Institute of Statistics, on Wednesday announced that the Italian economy is continuing to experience difficulty after slipping into recession in the second half of 2018.

The national statistics agency warned that households and firms confidence had deteriorated.

The warning was given in its monthly report on the economy stating amongst other things that the leading indicator decreased further confirming that the Italian economy cyclical position is still negative.

At the same time the OECD sees Italy posting negative growth this year, with GDP predicted to drop by 0.2%, after it revised down its forecasts for the economy.
In its interim economic outlook, the organization said it expects Italy’s GDP to grow by 0.5% in next year.

This means OECD had revised down its growth forecasts by 1.1 of a percentage point and by 0.4 for 2019 and 2020 respectively.

Via Il Sole 24

Filed under Economy Italy

Topics Economy istat Italy OECD

Italian economy in difficulty – ISTAT

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