In 2018 GDP is expected to increase by 1.4 percent in real terms. The domestic demand will provide a contribution of 1.5 percentage points, slightly counterbalanced by the negative contribution of inventories (-0.1 pp) while the foreign demand will account for a null contribution.
In 2018 exports will increase by 4.3 percent and imports by 4.7 percent. Residential households consumption expenditure is forecast to increase by 1.2 percent fostered by the positive dynamic of wages. Investment are expected to strenghten the recovery in 2018 (+4.0%) driven by the persistently favourable financial credit conditions.
The labour market is expected to keep an increasing trend over the forecasting period. Employment will increase by 0.8 percent in 2018. At the same time, the rate of unemployment will decrease at 10.8 percent.
This projections take into account the more favourable international framework and the fiscal benefits for the firms established by the plan Industra 4.0.