ANSA 07/10/2024

ANSA - GDP estimated to have risen 0.3% in Q2 - Bank of Italy chief

We can be confident but not excessively optimistic says Panetta

Estimates suggest that the Italy's GDP rose by 0.3% in the second quarter of 2024 with respect to the previous three months, the same growth rate posted in the first quarter, Bank of Italy Governor Fabio Panetta said on Tuesday.
    "The expansion of services continues, especially those related to tourism, while the weakness of manufacturing persists," Panetta told the assembly of Italian banking association ABI.
    "For 2024 as a whole Consensus Economics forecasts indicate growth of 0.8 per cent.
    "The Italian economy is growing at a moderate pace and can count on strengthening businesses, the solid financial position of households, and the strength of the banks.
    "These factors allow us to look ahead with confidence, but they should not lead to excessive optimism".