The new series of Reports on recent economic developments examines developments in the Italian and international economies on a quarterly basis, drawing on the most recent quantitative and qualitative indicators and forecasts of trends in the economy.
After the sustained recovery phase which marked the latter part of 2017, the current year began with a partial deceleration of economic activity. According to the estimates of the short-term PBO model reported in the Note on the economic situation in April, the increase in GDP in the first quarter of 2018 was 0.26 per cent (compared to 0.32 per cent in the last quarter of 2017) and slowed down marginally in the second quarter, reaching 0.21 per cent. (more…)
The Italian recovery is consolidating. The year 2017 closed with GDP growth of +1.4 per cent. The expansion should continue at the same pace this year before decelerating in 2019. With the January issue, the Report on recent economic conditions begins the publication of the PBO’s medium-term economic forecasts based on the Istat-UPB model. These accompany the analysis of international and national economic conditions and the short-term forecasts. (more…)