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Confindustria says GDP will beat expectations - update 2

Employers' group forecasts jump in profits, jobs, exports

Redazione Ansa

(ANSA) - Rome, February 25 - Economic indicators from employment to profits to rising demand for cars and exports will all be stronger than expected, forecasters with major employers' group Confindustria said Wednesday.
    It predicted "many surprises that are finally positive for the economy" are in store, and gross domestic product (GDP) will be stronger than forecasts made in December, said Confindustria.
    Then, it had predicted growth of 0.5% this year and 1.1% in 2016 which should now be exceeded, said the organization.
    Italy's economy has not grown in about six years but forecasts are for a turnaround this year albiet with slow growth.
    Confindustria suggested that by June, signs of a pick-up in activity should be clearer.
   

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