The global economy at the beginning of 2024 remains characterized by subdued growth prospects, penalized by a phase of high uncertainty on the evolution of geopolitical tensions.<\/p>\n
The Italian economy recorded an average GDP growth of 0.9% last year, decelerating compared to 2022 but with greater dynamism than the euro area average.<\/p>\n
In the fourth quarter 2023, the value added of the manufacturing industry showed a substantial stability. The services sector also stabilized while the construction sector continued to grow.<\/p>\n
Foreign trade is decreasing. In the fourth quarter of 2023, both Italian exports and imports in value confirmed a downsizing.<\/p>\n
After six months, employment fell again in January. The decrease involved only men and individuals under 35 years of age. Employment fell among temporary employees and self-employed workers. Unemployment rate stabilised at 7.2%.<\/p>\n
Since October 2023, the growth rate of the harmonized index of consumer prices (HICP) in Italy, the only one among the four major euro area countries, has fallen below 2.0%, well below the average of the euro area.<\/p>\n
The signals from the surveys are mixed. In February, business confidence worsened while consumer confidence continued to grow and reached its highest level since June 2023.<\/p>\n","protected":false},"excerpt":{"rendered":"
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