strong growth forecast for eurozone gdp in q3
News Posted On: 12 November 2009
Today saw some bright news for the European economy, as its largest economies revealed their figures for industrial production in advance of quarterly GDP figures to be revealed tomorrow.
France, Germany and Italy, the Eurozone's three biggest economies have all recorded major growth in industrial output in the third quarter, despite the fact that Italian output fell 5% in September, cancelling out the impressive gain made in August.
While France and Germany emerged from recession a quarter before Italy, in Q2, Italy's emergence from recession in Q3 was much stronger with a growth of 1% compared to 0.3%.
However, economists are now forecasting that Italy's GDP will be flat in Q4, which it will be if the September output figures are anything to go by. Italy is a hard one to call though, because the economy is driven by a large number of small companies, whereas other leading economies are primarily driven by large corporations.
Economists now expect at least a 0.5% growth in the Eurozone combined Gross Domestic Product to be revealed tomorrow, with some saying that it could even be higher than the growth in the US at 0.9%.
Any growth will be good news for UK companies. While the UK has yet to emerge from recession, this is keeping he pound weak against its rivals, allowing UK companies to gain footholds in foreign markets that may not have been possible otherwise. It is possible that these footholds made now could bolster future growth in the UK manufacturing and export sectors.
View Italy property for sale
View overseas property for sale
Written by Liam Bailey
Back to news articles for this country
Latest Related News Articles in Italy
Italy Property to be Buoyant in 2012
2011-12-15
You have to ask yourself one question... Do I feel lucky, well do ya, Italy? It is funny I was just .....
The Attractions of Sicily
2011-04-07
Sicily is becoming increasingly popular with overseas investors who are immediately charmed by the b.....
Italian Calabria Regaining Popularity With Investors
2011-03-23
Italy’s city of Calabria is experiencing more and more interest from overseas property investors lat.....
Italy Announces 24 Million Euro Austerity Measures
2010-06-02
Italy has become the latest Eurozone government to announce heavy cutbacks to bring down a huge budg.....
Italian Property Prepares for Growth after Surviving Crunch
2010-05-07
Italian property prices are down just 4.2% on last year according to the latest Knight Frank index. .....
Italian Property Rebounds in Second Half of Last Year
2010-03-30
According to the Italian version of the Land Registry Italian property prices fell just 0.7% in the .....
Italy Needs to Invest Heavily in Sustainable Economic Growth
2010-01-19
An Italian WSJ columnist has said that the government needs to invest heavily in the economic if the.....
Etihad Alitalia Deal to Have Big Impact on Italian Property Markets
2009-12-21
The deal, which will see increasing direct flights from Abu Dhabi to Italy, will benefit both proper.....
Strong Growth Forecast for Eurozone GDP in Q3
2009-11-12
Economists are forecasting at least a 0.5% growth in Eurozone combined GDP in the third quarter, fig.....
Italys Relatively Stable Real Estate Market Gets a Boost From Tax Amnesty
2009-11-10
80 billion euros were repatriated to Italy during previous tax amnesties in 2001 and 2003. At the pe.....