Arab Today, arab today italy gdp to shrink 14 this year
Last Updated : GMT 21:53:08
Arab Today, arab today
Arab Today, arab today

Italy GDP to shrink 1.4% this year

Arab Today, arab today

Arab Today, arab today Italy GDP to shrink 1.4% this year

Milan - AFP

Italy's economy is forecast to shrink by 1.4 percent this year and grow by 0.7 percent next year while unemployment will rise to a record high of 12.3 percent in 2014, figures from the national statistics agency ISTAT showed on Monday. The 2013 forecast is sharply down on the 0.5 percent contraction of gross domestic product (GDP) which the agency had forecast last November. ISTAT said that the change was the result of a reduction in domestic demand, only partially offset by external demand. Import growth was also expected to remain negative. It also blamed "tight credit conditions and persistent negative economic sentiment". It added: "Private consumption is expected to fall further, reflecting a decline in households' purchasing power and rising unemployment." The government is predicting a 1.3-percent contraction in 2013 and 1.3 percent expansion in 2014. The forecast return to growth in 2014 was based on the projection that private consumption will boost output growth while investments grow. "This outlook in based on the assumption of mild positive effects on 2014 private investment growth of recent measures approved by parliament to accelerate budget arrears repayments to the private sector," ISTAT said. The agency also forecast that the jobless rate would rise from 11.9 percent in 2013 to 12.3 percent in 2014.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy gdp to shrink 14 this year Arab Today, arab today italy gdp to shrink 14 this year

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today italy gdp to shrink 14 this year Arab Today, arab today italy gdp to shrink 14 this year

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday