(ANSA) - Rome, May 22 - ISTAT on Monday revised upwards its
2017 growth forecast from 0.9% to 1.0%, saying that "a more
sustained dynamic in world trade is foreseen that should boost
exports".
Italy's GDP is recovering but there is a gap with the rest of
the EU, ISTAT said in its spring forecasts.
It said Italian GDP rose 1.9% in the first quarter of 2017
while eurozone GDP rose 3.5%.
Household spending was hindered by price rises in 2017 and
only rose by 1%, ISTAT went on.
The national statistics agency also said that there were
risks because of tensions on the financial markets.
Unemployment in 2017 was 11.5%, a "moderate improvement,"
ISTAT said.
It also said that a "surge" in investments was continuing,
with a 3% rise expected this year.
ISTAT revises upwards 2017 GDP to 1.0% (3)
Italy GDP recovering but gap with EU