Italy’s growth ‘will accelerate and be more solid’

Rome, Sep 23 (IANS/AKI) Italy’s Finance Minister Pier Carlo Padoan has expressed confidence that the country’s future growth will “accelerate” and become more “solid”.

“I have good reason to think that growth will accelerate in the future and be more solid,” Padoan told media persons on Tuesday.

Ahead of next month’s budget law, the government last week revised its growth forecasts for 2015 and 2016.

Output would rise by 0.9 percent this year and 1.6 percent next year, compared with earlier estimates of 0.7 percent growth in 2015 and 1.4 percent in 2016, the forecast said.

“In 2015, we turned the corner, and in 2016 we have to accelerate,” Italy’s Prime Minister Matteo Renzi said on Friday.

The improved economic outlook has been boosted by external factors such as a lower euro and lower oil prices but also by stronger domestic demand.

Related Posts

Leave a Reply