Growth also returned to Italy. According to a first estimate of the National Statistics Institute (Istat), its Gross Domestic Product (GDP) fell 0.1% in the second quarter compared to the previous quarter due to a fall in all sectors, with the exception of services, stationary.
Compared to the second quarter of 2024, GDP increased by 0.4%, specifies the Istat that confirms to wait for 0.5% growth during the current year.
Degraded prércition for the duties of US customs
The Italian government had divided its growth forecasts in early April by 2025 due to the increase in customs tasks imposed by the United States, presenting an annual increase in GDP of 0.6% against 1.2% expected previously.
The International Monetary Fund (IMF), on the other hand, reviewed its growth forecasts for Italian GDP on Tuesday in 2025, with 0.5%, against 0.4% during its forecasts published in April.
Italy is not the only European country that undergoes a decrease in its economic growth. After two years of recession, Germany is struggling to get the head out of the water and also see its GDP in the second quarter of 2025, after an increase at the beginning of the year.
Better growth to wait in France
In France, on the other hand, French economic growth is better than expected, reaching 0.3% in the second quarter. Throwed by stcoks and a slight rebound in household consumption according to Insee, French GDP is better than expected, the National Institute of Statistics initially in a UN growth of 0.2% after +0.1% in the first quarter.
Source: BFM TV
