Imports in Italy

Italy Imports | Economic News & Forecasts

Italy - Imports

The economy likely exited technical recession in Q1, as restocking supported industrial production in January-February. However, job losses in February; tumbling business and consumer confidence in Q1; and sluggish credit growth all point to a still-distressed economy overall. The increase in the total tax rate registered in Q4 2018 is likely also weighing on domestic demand. Moreover, recently released data revealed that Italy’s public debt to GDP ratio rose last year, bucking a broad-based downward trend in the EU and adding to sustainability concerns. Against this bleak economic backdrop, the government drastically reduced the growth target for 2019 from 1.0% to a mere 0.2% in April, and raised the fiscal deficit target from 2.0% of GDP to 2.4% of GDP—a target which the Central Bank expects to be missed in the absence of draconian fiscal measures. Meanwhile, on 26 April, S&P Global Ratings affirmed the country’s rating at 'BBB' with a negative outlook, and warned that the current government’s policies risk worsening wage and labor market rigidities.

Italy - Imports Data

2013  2014  2015  2016  2017  
Imports (USD billion)479  475  411  116  451  

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Italy Imports Chart

Italy Imports
Note: Imports (in EUR bn).
Source: Bank of Italy.

Italy Facts

Bond Yield2.56-0.11 %May 13
Exchange Rate1.120.65 %May 13
Stock Market20,594-0.99 %May 13

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