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Italy

Author

Listed:
  • Ecaterina Stanculescu

Abstract

Article summarizes the evolution of the Italian economy between 2013 and 2014 when it slowly emerged from recession. Real GDP contracted by 0.4% in 2014, stabilizing in the fourth quarter. Private consumption rose very little, whereas public consumption and productive investment fell. Unemployment and the budget deficit increased in 2014 compared to 2013. For 2015, forecasts indicate an increase in real GDP by 1.4%, due to a foreseeable growth in external demand and investment

Suggested Citation

  • Ecaterina Stanculescu, 2015. "Italy," Conjunctura economiei mondiale / World Economic Studies, Institute for World Economy, Romanian Academy.
    • Handle: RePEc:iem:conjun:y:2015:id:2822000009589043
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