May 13, 2016 – Sky TG 24 aired an interview with SEP Director Marcello Messori, in which he discusses recent economic growth statistics released by ISTAT. For the first quarter of 2016, Italy’s economy grew only 0.3% of GDP, a rate lower than that of Spain, France, and Germany, as well as the eurozone average. Prof. Messori states that this is merely confirmation of what we have known for a while—real economic growth for Italy this past quarter was always estimated to be lower than that of the other larger member states. Nonetheless, 0.3% is still growth, which in itself is good news. He also reminds the viewers that economic growth was also recorded in Italy for Q4 of 2015. Another piece of good news is that not only did Germany’s economy grow, this growth was fueled by internal consumer demand. This should act as a stimulus for the other member states as well. Italy’s economic growth was also fueled by internal demand. Yes, the growth was not huge, but it was growth nonetheless. Italy is on track to reach the government’s economic growth estimate, which will significantly help improve the debt-to-GDP ratio.
- The original interview (in Italian) is available from Sky TG 24.