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Italy’s economy grows by 2.7 percent in second quarter of 2021

Italy’s economy grows by 2.7 percent in second quarter of 2021

Rome, Aug 31 (Prensa Latina) Italy's economy grew by 2.7 percent in the second quarter of 2021 compared to the previous year, the National Institute of Statistics (ISTAT) informed on Tuesday.
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Compared to the first quarter, ISTAT stated, increases of 3.4 percent in the final consumption expenditure, 2.4 percent in the gross fixed capital formation, 3.2 percent in exports and 2.3 percent in imports, were reported.

The national Gross Domestic Product (GDP) registered a rise of 17.3 percent between April and June 2021, compared to the same period of 2020, the source pointed out.

In that period, ISTAT stated, the final consumption expenditure recorded an increase of 10.7 percent, the gross fixed capital formation grew by 38.2 percent, exports went up by 38.4 percent and imports rose by 27.2 percent, while the GDP annual growth amounted to 4.7 percent.


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