Italy’s economy continues to benefit from the global cyclical upswing and stronger domestic demand. In the first three quarters of 2017, real output grew by an average of 0.4% (q-o-q). Survey indicators and short-term business statistics suggest that the economy maintained its growth momentum at the turn of the year. Favourable economic conditions will carry over into 2018, before tailwinds are expected to abate in line with the gradual withdrawal of policy stimulus.

Indicators 2016 2017 2018 2019
GDP growth (%, yoy) 0,9 1,5 1,5 1,2
Inflation (%, yoy) -0,1 1,3 1,3 1,5


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