Edition August 1, 2018 - Crédit Agricole S.A.

Edition August 1, 2018
Italy - Scenario 2018-2019: A stabilized growth

In 2017, Italian growth increased by 1.5%. Following the political events the country has been facing since March, we have revised our forecasts for the years 2018 and 2019 to 1.4% and 1.2% respectively.
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Content:

- Summary
- Confidence indicators
- The framework of our scenario
- Focus: the recovery of investment
Extract:

Italy's economic growth held up in Q1, posting a rate of 0.3% over the quarter, slightly down on the 0.4% of Q4 2017. Over 12 months, growth came out at 1.4%, leaving a carryover of 0.8% for the current year. The slowdown in the global manufacturing cycle and the strong euro definitely had a bigger negative impact on exports than on imports resulting in a negative contribution to growth from external demand. Investment fell 1.4% in Q1, after three quarters of very sustained growth.
Italy - Firms: toward the end of the crisis, strong recovery
Firm's payment defaults, a good measure of firm's stability, are back to pre-crisis levels.
Associative topics : Economics | Italy

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