ISTAT ups 2017 GDP estimate to +1.6%

(ANSA) - Rome, September 21 - ISTAT said Friday that it estimates that Italy's GDP grew 1.6% in 2017. That is 0.1 of a percentage point higher than the estimate of 1.5% the national statistics agency gave in April.
    The debt-to-GDP ratio was 131.2% in 2017, down from 131.4% in 2016, ISTAT said.
    The agency said it had revised down both figures with respect to previous estimates of 132% for 2016 and 131.8% for 2017.
    Italy's deficit-to-GDP ratio was 2.4% in 2017, ISTAT said.
    This is slightly worse than the estimate of 2.3% given in April, although the revised figure is still better than the 2.5% deficit registered in 2016.