Italy's gross domestic product (GDP) rose 0.1% in the final quarter of 2015 with respect to the previous three months and 1% with respect to the same period in 2014, Istat said in its flash estimates on Friday. The growth figure for the final quarter of last year is below expectations. National statistics agency Istat had forecast a GDP increase of 0.2%, while a Bloomberg survey of analysts gave an average prediction of 0.3%.
Italy's gross domestic product (GDP) increased 0.7% last year with respect to 2014, Istat said in its preliminary estimate on Friday based on raw quarterly data. The national statistics agency estimated that the seasonally-adjusted increase was 0.6%. The definitive data will be release in March. Both provisional figures are well below the 0.9% growth estimate that Premier Matteo Renzi's government gave in its update statement for its economic blueprint - the economic and financial document (DEF).
Nevertheless, the data also confirms that Italy recovered in 2015 year after three consecutive years of negative growth - -2,8% in 2012, -1,7% in 2013 and -0,4% in 2014. The last time Italy had a year of positive growth was in 2011, when GDP rose 0.6%.
ALL RIGHTS RESERVED © Copyright ANSA
