Italy's economy grew 0.2 percent on quarter in the first three months of 2019, emerging from its third recession in a decade and beating market expectations of a 0.1 percent expansion, the advance estimate showed. Industry, services and agriculture all contributed to the increase in activity. Year-on-year, the GDP rose 0.1 percent, after being unchanged in the previous period and also beating forecasts of a 0.1 percent contraction. GDP Growth Rate in Italy averaged 0.59 percent from 1960 until 2019, reaching an all time high of 6 percent in the first quarter of 1970 and a record low of -2.70 percent in the first quarter of 2009.
GDP Growth Rate in Italy is expected to be 0.20 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 0.30 in 12 months time. In the long-term, the Italy GDP Growth Rate is projected to trend around 0.60 percent in 2020, according to our econometric models.