GDP Italy, Istat: in the second quarter + 2.7%

In the second quarter of 2021 it is estimated that the gross domestic product (GDP), expressed in chain-linked values ​​with the reference year 2015, corrected for calendar effects and seasonally adjusted, increased by 2.7% compared to the previous quarter and by 17, 3% in trend terms. Istat notes it. The acquired change in GDP for 2021 is equal to + 4.8%, according to Istat, with the preliminary estimate of GDP for the second quarter. The data, explains the Institute, is based on the hypothesis of annual growth that would be obtained in the presence of a zero cyclical change in the remaining quarters of the year. ” After a first quarter of 2021 in slight recovery, in the second quarter of year the Italian economy recorded very sustained growth. The result benefited above all from a strong recovery in the market services sector, the most penalized by the crisis, from a growth in industry and from a substantial stationary nature of agriculture ”, notes Istat. The cyclical variation is the synthesis of a substantial stationary nature of the added value in the agriculture, forestry and fishing sectors and of an increase in both industry and services. The ” exceptionally marked increase in GDP – explains the Institute – derives from the comparison with the minimum point reached in the second quarter of 2020 at the height of the health crisis ”.

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