GDP Italy, the growth acquired in 2021 is 6.2%. Istat raises the bar – Corriere.it

GDP Italy, the growth acquired in 2021 is 6.2%. Istat raises the bar – Corriere.it
GDP Italy, the growth acquired in 2021 is 6.2%. Istat raises the bar – Corriere.it

Better than expected. Indeed, the predictable after a year and a half of pandemic and subsequent economic crisis. The acquired growth for 2021, or the one that would be obtained if in the fourth quarter of the year the Italian GDP recorded a zero cyclical change, equal to 6.2%. what Istat calculates in the quarterly income statements. In the third quarter of 2021, the Gross Domestic Product, expressed in chain-linked values ​​with the reference year 2015, adjusted for calendar effects and seasonally adjusted, increased by 2.6% compared to the previous quarter and by 3.9% compared to the third quarter of 2020. Istat notes this in the quarterly accounts.

The reasons

In the third quarter of 2021, the gross domestic product, corrected for calendar effects and seasonally adjusted, increased by 2.6% compared to the previous quarter and by 3.9% compared to the third quarter of 2020. Istat notes this, confirming a sustained economic recovery of the Italian economy. The data confirms the preliminary estimates of GDP compared to the previous quarter while revising the trend trend upwards (+ 3.8% in the previous estimate). The third quarter of 2021, explains the statistical institute, he had three more working days than in the previous quarter and the same number of working days as compared to the third quarter of 2020.

Services and industry

The result benefited – explains the statistical institute – for the second consecutive quarter from a strong recovery in the sector of market services, industry growth, while the agricultural sector was still in decline. On the demand side, private consumption mainly supported GDP growth, but significant contributions also came from investments and the foreign component. Hours worked grew by 1.4% in economic terms, job positions by 0.2%, while per capita incomes increased by 0.5%.

Source

GDP Italy growth acquired Istat raises bar Corriereit

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