- Analytics
- News and Tools
- Market News
- Italian economy shrinks in 4Q amid pandemic
Italian economy shrinks in 4Q amid pandemic
According to the report from ISTAT, in the fourth quarter of 2020 the seasonally and calendar adjusted, chained volume measure of Gross Domestic Product (GDP) decreased by 2 per cent with respect to the previous quarter and by 6.6 per cent over the same quarter of previous year.
The fourth quarter of 2020 has had two working days less than the previous quarter and one more compared to the same quarter of previous year.
The quarter on quarter change is the result of a decrease of value added in all main economic sectors, i.e. agriculture, forestry and fishing, industry and services. From the demand side, there is a negative contribution by both the domestic component (gross of change in inventories) and the net export component.
The carry-over annual GDP growth for 2021 is equal to +2.3%.
© 2000-2025. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
