Monthly report on Italian economy

The evolution of the world economy remains heterogeneous. Among advanced countries, the US economy exhibits a strong growth, while in the euro area there is a weak evidence of recovery. The current low level of oil prices is expected to have a positive, albeit moderate, influence on growth in Europe. In the next months, the Italian economy is expected to move away from the negative territory, helped by a moderate recovery of domestic demand. Conditions in the labour market remain nonetheless difficult, characterized by stagnant occupation and increasing unemployment rate.