“Signs of deceleration in economic activity and high and widespread inflation continue to characterize the international scenario. In the second quarter, Italian GDP marked a marked economic acceleration” and the growth achieved is equal to 3.4%. But “in the coming months, possible declines in manufacturing activity are expected”, and “the increase in the trade deficit, the spread of inflation and the marked worsening of consumer confidence represent downside risks for the economic trend”: Istat reports this in the monthly note on the Italian economy.
Istat also underlines that “the European outlook appears to be progressively worsening. In July, the composite index of economic confidence measured by the European Commission reached its lowest level since February 2021 and was one point below the long-term average. The decline was spread to all the main sectors of economic activity and countries in the area, with the exception of France where the indicator decreased only marginally “.
Source: Ansa
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