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Italian economy has recouped ground lost in pandemic - min

2nd quarter growth of 1% takes GDP back above average for 2019

Redazione Ansa

(ANSA) - ROME, JUL 29 - The Italian economy has regained the ground it lost due to the COVID-19 pandemic after registering GDP growth of 1% in the second quarter of this year, the economy ministry said on Friday. It said this took Italy's GDP above the average level of 2019.
    ISTAT said earlier on Friday that Italy's GDP accelerated in the second quarter, increasing by 1% with respect to the first three months of the year and 4.6% compared to the same period in 2021.
    Italy's GDP had risen by just 0.1% in the first quarter with respect to the fourth quarter of last year.
    The better-than-expected showing prompted the national statistics agency to raise its growth forecast for 2022 to 2.6%, up 0.1 of a percentage point on the prediction it made in May.
    (ANSA).
   

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