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Edition 26 October 2018 - Crédit Agricole S.A.
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  • Edition 26 October 2018

    Italy – Economic environment : Under pressure

    The impact of external risk factors materialised in the first half, leading to a more emphatic slowdown in the Italian economy than other European countries. Activity increased by 0.2% in the second quarter, hampered by the decline in foreign demand, albeit less pronounced than at the start of the year. Internal demand contributed positively to growth thanks to private investment, which should remain strong through end-2018.

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  • Italy: Under pressure

    The impact of external risk factors materialized in the first half of the year, leading to a more pronounced slowdown in the Italian economy than in other European countries. Strong investment rebound.

  • Contents:

    - Overview
    - Macroeconomics
    - Public finances
    - Banking sector: the damage is done
    - Italy: economic overview at 22 October 2018

  • Extract:

    The government's single-minded focus on growth as a way of ensuring the sustainability of public accounts is a risky wager. The deficit will rise to 2.4% in 2019 but then fall to 2.1% in 2020 and 1.8% in 2021. Budgetary expansion will occur next year but will be followed by a neutral budgetary stance. Growth projections are brisk, at 1.5% in 2019 (after 1.2% in 2018), 1.6% in 2020 and 1.4% in 2021. The European Commission has detected and noted a serious breach of the budgetary policy requirements set out in the Stability and Growth Pact. The Commission is now threatening to initiate procedures against Italy for its excessive deficit.

  • Italy: Contribution to GDP Growth

    Growth in Q2 2018 was driven by domestic demand, notably investment.

    Italy: Contribution to GDP Growth
  • Associative topics : Banking and Insurance | Economics | Italy


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