Italy's economy stagnated in the second quarter of 2019, after a 0.1 percent growth in the previous three-month period and in line with a preliminary estimate and market expectations, final data showed. A contraction in industrial and agriculture activities offset a rise in the services sector. On the expenditure side, trade, household consumption and government spending made zero contribution to growth while a positive contribution from investment was offset by inventories. 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.