Economy

Italy 2014 GDP seen up 0.3% - Confcommercio

2014 consumption down 0.2% vs down 2.4% in 2013

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America24, 27 gennaio 2014, 02:09

Italy's gross domestic product in 2014 will grow 0.3% after the 1.8% contraction seen in 2013, according to estimates released by the Confcommercio retailers' association.

"At current conditions there seem to be no hope to go beyond 0.3-0.5%," said Mariano Bella, head of the association's research office.
He noted that consumption will "suffer a further contraction of 0.2%" after the 2.4% slump seen in 2013.

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