Italian GDP decelerates only slightly in the second quarter
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4 itemsItalian inflation slows slightly in June on food and services
Italian GDP decelerates only slightly in the second quarter
The recent data from Italy indicates that GDP deceleration has been less pronounced than expected, suggesting a more resilient economy in the face of external shocks. Per the full note from ing-think, Italian GDP growth only slowed from 0.3% to 0.2% in the second quarter, defying projections of a faster decline. This resilience is attributed to stronger domestic demand countering inflationary pressures from rising costs, leading to a potential upward revision in future growth forecasts. Market participants should note that the economic landscape appears more stable than previously understood, which could impact EUR positioning ahead of upcoming developments.