Italy's GDP grew by 0.4% in the
third quarter on the second quarter and by 1.7% on the third
quarter of 2016, ISTAT said Friday, revising downwards previous
estimates of 0.5% and 1.8% respectively.
But the outlook for the national economy remains "positive",
the national statistics agency said.
ISTAT trimmed its latest figure for Italy's 'acquired' GDP
growth this year to 1.4%.
The previous estimate was 1.5%.
The economy ministry hailed the new figures, despite the
shaved estimates.
"The growth trend is strengthening," it said.
"Even with lower increments in the quarters, the year-end
target of 1.5% growth will be met," it said.
Economy Minister Pier Carlo Padoan said "I'm hoping in a new
wave of reform s in the next legislature".
Premier Paolo Gentiloni said "economic growth helps the
weakest ones".
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