Paolo Pizzoli, Senior Economist at ING, notes that the Italian 1Q18 GDP was confirmed at 0.3% QoQ (as in 4Q17) and 1.4% YoY (from 1.6% in 4Q17), propelled by domestic demand, with net exports acting as a drag. Key Quotes “Inventory accumulation was the main driver (0.7% QoQ contribution), followed by private consumption (0.3% QoQ contribution). Government expenditure was growth neutral. Developments in investments and exports are a reason for concern. Gross fixed capital formation subtracted 0.2% from quarterly growth, on the back of a disappointing contraction in the key machinery and plants component. The negative 0.4% quarterly contribution of net exports was the result of a contraction of exports which widely outpaced that of imports.” “Available data evidence suggests that a similar pattern of growth should remain in place in 2Q18, with a slight downside risk.” “Looking at average 2018 GDP growth, for the time being we tentatively confirm our 1.3% forecast, with downside risks.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Arab oil ministers stress need for continued OPEC, non-OPEC cooperation – KUNA FX Street 5 years Paolo Pizzoli, Senior Economist at ING, notes that the Italian 1Q18 GDP was confirmed at 0.3% QoQ (as in 4Q17) and 1.4% YoY (from 1.6% in 4Q17), propelled by domestic demand, with net exports acting as a drag. Key Quotes "Inventory accumulation was the main driver (0.7% QoQ contribution), followed by private consumption (0.3% QoQ contribution). Government expenditure was growth neutral. Developments in investments and exports are a reason for concern. Gross fixed capital formation subtracted 0.2% from quarterly growth, on the back of a disappointing contraction in the key machinery and plants component. The negative 0.4% quarterly contribution of… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
