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GDP: Franc, first quarter decline but signs of strength

2022-05-14T13:09:25.533Z

According to Istat, the first quarter of the year closed with a GDP "slightly down by 0.16%, but at the same time our economy is showing signs of strength". (HANDLE)



May 14, 14:54

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GDP: Franc, first quarter decline but signs of strength

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(ANSA) - ROME, MAY 14 - According to Istat, the first quarter of the year closed with a GDP "slightly down by 0.16%, but our economy is showing signs of robustness at the same time".

This was underlined by the Minister of Economy, Daniele Franco, citing - during the Ambrosetti Forum 'VersoSud' - the increase in employment in March, the stability in the same month of industrial production, the 5% increase in exports in the first two months of 2022 and the growth of the construction index (+ 21% in February on a year earlier).

"These are encouraging signs," he added.

(HANDLE).


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