The credit expansion had been supported by government and European Central Bank measures, the bulletin said.

Italy gdp per capita for 2017 was $32,407, a 4.74% increase from 2016. Italy gdp per capita for 2016 was $30,940, a 2.35% increase from 2015. From the demand side, both the domestic and external demand contributed negatively to the GDP. The government of the anti-establishment 5-Star Movement and the centre-left Democratic Party officially forecasts a full-year 2020 GDP fall of 8%, though Economy Minister Roberto Gualtieri has said this will probably have to be revised down. TEForecast In the second quarter, Italy’s GDP tumbled a historic 12.4% over the previous period in seasonally- and working-day adjusted terms, according to an advance estimate released by Italy’s Statistics Institute (ISTAT) on 31 July. The economic history of Italy can be divided in three main phases: an initial period of struggle after the unification of the country, characterised by high emigration and stagnant growth; a central period of robust catch-up from the 1890s to the 1980s, interrupted by the Great Depressionof the 1930s and the two world wars; and a final period of sluggish growth that has been exacerbated by a double-dip recession following the 2008 global financial crush, and from which the country is slowly reemerging on…

It was the steepest contraction since Q1 2013, due to declines in household consumption (-0.2 percent vs 0.2 percent in Q3); gross fixed capital formation (-0.1 percent vs a flat reading) and government expenditure (-0.1 percent, the same as in Q3). 1960-2020 Data | 2021-2022 Forecast | Calendar | Historical Italy gdp per capita for 2019 was $33,190, a 3.85% decline from 2018. Italy: GDP shrinks at historic pace in Q2, ravaged by Covid-19. ROME (Reuters) - The Italian economy, brought to its knees by the coronavirus, will contract by around 9.5% this year, the Bank of Italy said on Friday, revising down a forecast of -9.2% made last month. For the time being, under the assumption of no nationwide lockdown after the summer we pencil in an average contraction for Italian 2020 GDP of around 10%.” FocusEconomics Consensus Forecast panelists see the economy plummeting 10.2% in 2020, which is unchanged from last month’s forecast. Italy's gross domestic product shrank by 12.4 percent on quarter in the three months to June 2020, following a revised 5.4 percent contraction in the previous period and compared to market expectations of a 15 percent fall, a preliminary estimate showed. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. July 31, 2020. It follows a downwardly revised 0.2 percent contraction in the previous period, entering recession. The government was forced to introduce rigid restriction measures from March 9th, which were only gradually eased from May 4th.Italy’s GDP shrank 5.3 percent on quarter in the three months to March of 2020, down from earlier estimates of a 4.7 percent drop as the country was the epicenter of the coronavirus pandemic during March.
Reference The Italian economy contracted at the sharpest pace on record in the second quarter as unprecedented shutdowns closed businesses and led to massive job shedding. (ANSA) - ROME, JUL 7 - Italy's GDP will fall a record 11.2% in 2020, the European Commission said Tuesday.
1960-2019 Data | 2020-2022 Forecast | Historical | Chart | NewsDownload historical data for 20 million indicators using your browser.Direct access to our calendar releases and historical data. Italy Q1 GDP Contracts More than Expected Italy’s GDP shrank 5.3 percent on quarter in the three months to March of 2020, down from earlier estimates of a 4.7 percent drop as the country was the epicenter of the coronavirus pandemic during March. Italy’s public debt was already projected to exceed 150% of its GDP this year even before the latest tranche of spending, way beyond the level that tipped Greece into crisis a decade ago. Read more. Italy GDP May Shrink Slightly More Than 8% in 2020, Says Economy Minister By Reuters , Wire Service Content June 12, 2020 By Reuters , Wire Service Content June 12, 2020, at 9:03 a.m. “The recovery will be gradual,” the bank said, warning there would be “lasting effects on family consumption due to the decline in employment and disposable income.” The central bank estimated in its quarterly bulletin that gross domestic product fell around 10% in the second quarter from the previous three months, but said it would pick up to some extent over the second half of the year. The Gross Domestic Product (GDP) in Italy was worth 2001.24 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. For 2021, panelists expect the economy to grow 6.0%.


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