National statistics agency Istat
on Monday forecast that Italy's gross domestic product will rise
0.8% "in real terms" this year and by 0.9% in 2017.
In a report on Italy's economic outlook, Istat said that its
forecast for growth this year had been revised down by 0.3% of a
percentage point from the prediction it made in May
Istat said that its preliminary GDP estimate for the third
quarter showed production had resumed and that the outlook
suggests Italy's economic growth will continue at a "more
moderate pace".
"The uncertainty linked to the revival of tensions on the
financial markets could condition the path of Italian growth,"
the agency said.
The government has forecast growth of 1% next year.
Istat said that it expects Italy's unemployment rate to drop
to 11.5% this year, compared to 11.9% in 2019, thanks to a 0.9%
rise in the number of people in unemployment.
"The improvements on the labour market should continue in
2017, but at a more limited pace," Istat said.
"Jobs are expected to rise by 0.6% and unemployment should be
11.3%".
It said that it sees Italian investments up 2% this year and
accelerate to a rise of 2.7% in 2017.
It said an improvement in the economy's growth outlook,
better credit-market conditions and fiscal policies supporting
business were factors in this rise.
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