The Italian economy advanced 0.7 percent year-on-year in the third quarter of 2018, after a 1.2 percent expansion in the previous quarter and missing market consensus of a 0.8 percent growth. It was the weakest growth rate since the first quarter of 2015. GDP Annual Growth Rate in Italy averaged 2.42 percent from 1961 until 2018, reaching an all time high of 10.30 percent in the fourth quarter of 1961 and a record low of -7.20 percent in the first quarter of 2009.
GDP Annual Growth Rate in Italy is expected to be 1.00 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Italy to stand at 1.60 in 12 months time. In the long-term, the Italy GDP Annual Growth Rate is projected to trend around 1.80 percent in 2020, according to our econometric models.