Tuesday, January 16, 2018
 

Monthly GDP: October 2017

dicembre 21st, 2017 by admin in Italian Economics

The Italian economy stays the course as the year comes to a close

After GDP growth for 3Q17 was revised marginally down to +0.4% qoq (from the first estimate of +0.5%), as it appeared the service sector might have grown less than expected. GDP was still up a robust 1.7% yoy, driven by exports (+5.3% yoy, which shows that Italian companies are now gaining market share around the world) and investment (+4.6% yoy). Industrial production returned to expansion at healthy pace in October (+0,5% m/m), after weakness seen in September: the increase was broad based across sectors, with the positive contribution of energy component (+1,7% m/m), intermediate goods (+1,0% m/m) and capital goods (+0,7% m/m). Therefore, the updated GDP estimate for October remains well oriented (+0,15% m/m) pointing to a robust growth of +1,84% on a year on year base, also in line with the most recent surveys confirming that the growth momentum should be sustained in Q4 too. November composite PMI, infact, surprised to the upside, rising to 56.0 (+2.0 points), a four month high, with the services sector that drove most of the rise, increasing to 54.7 (+2.6 points).

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Monthly GDP: September 2017

novembre 28th, 2017 by admin in Italian Economics

GDP growth accelerates in Q3

After rising by 0,3% q/q in Q2, Istat preliminary estimate on GDP growth in Q3 shows an expansion of 0.5% q/q (+1.8% y/y), in line with consensus expectations. Together with 1Q17 it is the strongest quarterly reading since 4Q10 (1Q11 for the yoy change), i.e. since the government debt crisis. Growth is expected to remain resilient in the coming quarters as well, thanks to the positive trend of industrial activity and the encouraging signals coming from surveys and production indicators. Although industrial production contracted slightly more than consensus expectation in September (-1,3% m/m), it was consistent with a quarterly acceleration of 1.5% in Q3 (+1.2% in Q2). The drop was mainly due to the energy component (-6.3% m/m), capital goods (-2.0% m/m) and intermediate consumption (-3.0% m/m), all erasing their last month’s rise. Economic indicators in October point to the expansion of the industrial activity also in next months: PMI index jumped to a six-and-a-half-year high to 57.8 (+1.5 point). The rise was driven by a significant increase in new orders, supported by strong external demand, and in particular solid orders from Germany. Overall, the new GDP estimate for September points at flat m/m profile (+0.07% m/m) with year on year growth of +1.79%

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24 Oct2017

European metropolises and the development: What role for Rome?

Group of 20 – Revitalizing Anaemic Europe


Workshop
European metropolises and the development: What role for Rome?


The workshop of Group of 20 “Revitalizing Anaemic Europe” took place on October 24th at the University of Rome “Tor Vergata” – Faculty of Economics.
To the opening by Giovanni Tria, Dean of Faculty of Economics, University of Rome “Tor Vergata” and Luigi Paganetto, President of Tor Vergata University Economics Foundation, are followed the speeches by Filippo Tortoriello, President of Unindustria; Beniamino QuintieriPresident of SACE; Lorenzo Tagliavanti, President of Rome Chamber of Commerce; Maurizio De Castri, Deputy rector of University of Rome “Tor Vergata”; Maria Prezioso, ESPON Contact Point Italia; Angelo AiraghiAnsaldo; Pierluigi Coppola, Engineering Department, University of Rome “Tor Vergata”; Alfredo Macchiati, LUISS “Guido Carli” University; Francesco Saverio Mennini, Research Director in Economic Evaluation, HTA and Corruption in Health – EEHTA, CEIS.


 

Monthly GDP: August 2017

settembre 18th, 2017 by admin in Italian Economics

Strong IP points to robust GDP growth in Q3

Industrial production in August recorded a sharp increase of 1.2% m/m, driven mainly by the ongoing strengthening of capital goods (+2.2% m/m) and intermediate consumption (+2.4% m/m) and by the robust result of the energy component (+4.6% m/m). On balance, although August data could be significantly affected by seasonal adjustments, the higher-than-expected print of business surveys and the encouraging signals from production indicators confirm the positive momentum in industrial activity and point to solid growth also in the next months. Consistent with this scenario, monthly real GDP is estimated to grow by 0.27% month-on-month and 1.73% year-on-year.

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Tor Vergata Group of 20 – July 20, 2017

luglio 21st, 2017 by admin in International Economics

The meeting of Group of 20 “Revitalizing Anaemic Europe” took place on July 20th in Rome at the SNA – National School of Public Administration, and the topics were: “Europe is on the rise, a country limping. Competition, Banks, Industry“.
To the opening by Luigi Paganetto, President of Tor Vergata University Economics Foundation, are followed the speeches by Patrizio Bianchi, Emilia Romagna Region; Massimo Mucchetti, Senate of the Italian Republic; Alberto Pera, Gianni, Origoni, Grippo, Cappelli & Partners; Salvatore Zecchini, Steering Group – OCSE.

 

Monthly GDP: May 2017

luglio 16th, 2017 by admin in Italian Economics

Industrial production strenghtens in Q2

Industrial production (IP) rose by 0,7% m/m in May, offsetting the slight decline recordered in April. The growth was broad-based and strongest in capital goods, which rebounded strongly at 2.3% m/m, while energy dropped -1% on the month. Manufacturing sentiment remained broadly stable at 55.2 in June, underpinned by buoyant foreing orders with positive effects on employment perspectives. With the Q2 manifacturing PMI average at 55.5, the highest in the last six years, PMIs point to a solid contribution of the industrial sector to GDP growth in the next months. The new GDP estimate for May prints a moderate m/m profile (+0.08% m/m) with year on year growth strenghtening at +1.4%.

Data and comment

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XXIX Villa Mondragone International Economic Seminar

giugno 1st, 2017 by admin in International Economics

XXIX Villa Mondragone International Economic Seminar


Getting Globalization Right. Sustainability and Inclusive Growth in the post Brexit Age


Seminar, June 21 2017

University of Rome “Tor Vergata” – Villa Mondragone – Monte Porzio Catone

Round Table, June 22 2017
Italian Ministry of Foreign Affairs and International Cooperation – Sala Aldo Moro – Piazzale della Farnesina 1, Rome

Download the Program


 

Group of 20 – may 2017

maggio 16th, 2017 by admin in Italian Economics

The meeting of Group of 20 “Revitalizing Anaemic Europe” took place on May 11th and the topics were:

The 2017 Economic and Financial Document and the 2017 Economic Measures

To the opening by the President Luigi Paganetto are followed the speeches by Carlo Cottarelli, International Monetary Fund; Paolo Guerrieri, Sapienza University of Rome; Lorenzo Codogno, London School of Economics and Political Science; Riccardo Barbieri Hermitte, Italian Ministy of Economy and Finance.

It’s possible to download the slides:

 

Globalization, inclusion and sustainability in a global century – G7 International Forum

maggio 2nd, 2017 by admin in International Economics












Globalization, Inclusion and Sustainability in a global century


G7 International Forum
Under the auspices of the Italian G7 Presidency


Rome, May 8 2017 – Italian Ministry of Foreign Affairs and International Cooperation
Rome, May 9 2017 – Link Campus University

The Forum focuses on three sets of issues:

  • Globalization, Protection and Protectionism
  • Growth, Trade, Inequality and Poverty
  • The Search for Sustainable and Inclusive Development

Download the Program

 

Second Report of “Group of 20” – Revitalizing Anaemic Europe

aprile 3rd, 2017 by admin in International Economics / Publications


Unione Europea. 60 anni e un bivio

AA. VV. – Edited by Luigi Paganetto
Eurilink University Press – February 2017


Authors: Massimo Bagarani, Michele Bagella, Gloria Bartoli, Salvatore Biasco, Luigi Bonatti, Rocco Cangelosi, Marcello Clarich, Lorenzo Codogno, Giampaolo Galli, Franco Gallo, Adriano Giannola, Paolo Guerrieri, Martino Lo Cascio, Alfredo Macchiati, Rainer Masera, Maurizio Melani, Alessandro Minuto Rizzo, Roberto Pasca Di Magliano, Alberto Pera, Riccardo Perissich, Pasquale Lucio Scandizzo, Giovanni Tria, Salvatore Zecchini

This Report was realized by Tor Vergata Economic Foundation thanks to the contributions of distinguished academics and experts. The Report addresses the issue of widespread pessimism and confirms the validity of European Union and Euro choices, 60 years after the European Treaties. The ideas exposed in this Report come from an intense series of meetings where authors express a common belief, even if not in an unified vision. This belief arises from the need and the importance to keep in place and grow up the European effort, questioning how to “Revitalize”, more then leave, the European challenge.


European Union and global change. The need of Europe
Luigi Paganetto

Eurozone requires a recipe whereby a strong rate of investment, innovation and growth is pursued together with a reduction income inequality. A good recipe is a policy for inclusive growth because it could be the right remedy against the increasing Euroscepticism dominating EU scenario. Globalization looses, inequality, unemployment and low wages for medium skills depending from technological change To make inclusive growth working the creation of a fiscal space and a deal and the reduction of the excessive amount of public debt of Eurozone is needed. Euro is not the main cause of the low rate of growth of some European countries His incomplete construction explains its limits. Nevertheless it has been working facing the 2007 crisis by way of the European Stability Mechanism. The fiscal space needed by Eurozone could be created using a “bottom up” methodology, starting from some common problem as the expenses for controlling borders an immigration, security and defence needs, programs of investment in green technologies and innovation.

 
 
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