Italy: GDP -0.1% Q4, annual figure revised down to +1.4%

Adlet Seilkhanov
3 March 2023, 20:46

Italy: GDP -0.1% Q4, annual figure revised down to +1.4% Photo:

ROME. KAZINFOM - In the fourth quarter of 2022, Italy's gross domestic product decreased by 0.1% compared to the previous quarter and grew by 1.4% compared to the fourth quarter of 2021, ISTAT said Friday, Kazinform cites ANSA.

The year-on-year figure was down compared to a previous estimate of +1.7%, while the monthly figure was the same as previous forecasts.

GDP was expressed in chain-linked values with reference year 2015, adjusted for calendar effects and seasonally adjusted.

The acquired change in GDP for 2023, the one that - based on the 2022 boost - would be achieved if all quarters of this year recorded a change of zero, is equal to +0.4%, ISTAT said in its statistics on the Quarterly Economic Accounts, confirming the figure released on 31 January.

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