Italy: New cards on an old table

AXA
Door september 10, 2019 13:07

Italy: New cards on an old table

Having entered recession at the end of 2018, the Italian economy surprised slightly to the upside in the first half of 2019. Depressed survey data and a deteriorating industrial sector suggested negative growth in the second quarter (Q2), after the 0.1% quarter-on-quarter (qoq) growth in Q1. But Q2 GDP was flat, and the expenditure breakdown reveals that a positive contribution from investment (mainly due to construction) was offset by some destocking. Net trade was flat, while private consumption growth stagnated

AXA
Door september 10, 2019 13:07

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