Despite some positive signals, the outlook for the Italian economy remains subdued. Italy’s real GDP contracted in the second half of 2018, but economy is expected to grow by 0.4% in 2020. February data confirmed a substantial stability of the labour market with unemployment rate at 10.7%, however a marginal increase in employment is expected over the next few quarters. In Q4, both consumption and investment were subdued, but export volumes increased by 1.3% on the quarter.
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Cushman & Wakefield: Italy Retail Snapshot (Q1, 2019)
Published By: Cushman & Wakefield