The Italian economy unexpectedly shrank 0.1 percent quarter-on-quarter in the third quarter of 2018, following a 0.2 percent growth in the previous period, the final estimate showed. It was the first contraction since the second quarter of 2014. GDP Growth Rate in Italy averaged 0.59 percent from 1960 until 2018, reaching an all time high of 6 percent in the first quarter of 1970 and a record low of -2.80 percent in the first quarter of 2009.
GDP Growth Rate in Italy is expected to be 0.40 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Growth Rate in Italy to stand at 0.40 in 12 months time. In the long-term, the Italy GDP Growth Rate is projected to trend around 0.50 percent in 2020, according to our econometric models.