GDP gives oxygen to Meloni with the highest rise among the large EU economies
The Italian economy gives oxygen to Giorgia Meloni days after his arrival at the Government. The third largest European economy grew by 0.5% in the third quarter of this year. The data, which represents a slowdown when compared to the 1% increase that the transalpine GDP registered between April and June, confirms at the same time that Italy remains the economy that grew the most among the large ones in the euro (Germany grew by 0.3%, and France and Spain did so by 0.2% in the same period).
As reported on Monday by the Italian National Institute of Statistics (Istat) in its preliminary data, the increase was 2.6% compared to the third quarter of 2021. The agency highlights that “the growth of the Italian economy maintained for the seventh consecutive quarter, but slowing down compared to the second quarter of the year.
In addition, the estimated growth for 2022 is 3.9%, which represents a slight advance compared to previous Istat estimates, which placed it at 3.4%. The third quarter of 2022 had three business days more than the previous quarter and one less than the third quarter of 2021, indicated the agency, which highlighted the provisional nature of its data.
“The short-term variation is the synthesis of a decrease in added value both in agriculture, forestry and fishing as well as in industry, while services registered an increase,” according to Istat. “On the demand side, there is a positive contribution from the internal component and a negative contribution from the net external component, after a greater growth in imports than in exports,” the institute added.
Precisely this Monday the Italian Executive of the extreme right will celebrate his first council of ministers with the reform of Justice and the new anticovid regulations as the main topics on its agenda, along with the rise in energy prices. It is expected that the meeting of the new Italian Cabinet will also serve to complete the relevant Executive positions that remain to be known.
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