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- Italy’s GDP grows more than expected in Q1
Italy’s GDP grows more than expected in Q1
Istat reported on Tuesday its preliminary
estimates showed Italy’s gross domestic product (GDP) rose by 0.2 percent q-o-q
and by 0.1 percent y-o-y in the first quarter of 2019.
Economists had forecasted the Italian economy to grow
by 0.1 percent q-o-q and to fall by 0.1 percent y-o-y in the first quarter.
In the fourth quarter of 2018, Italy’s GDP declined by
0.1 percent q-o-q, but was flat y-o-y.
According to the report, the q-o-q advance was the
result of an increase of value added in the agriculture, in the industrial sector,
and in services. From the demand side, there was a negative contribution of the
domestic component (gross of change in inventories) and a positive one of the net
exports.
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