Monday, July 16, 2018
 

11 Jan2018

Tor Vergata Group of 20 – January 11, 2018

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The meeting of Group of 20 “Revitalizing Anaemic Europe” took place on January 11th in Rome at the SNA – National School of Administration, and the topics were: “Welfare and Health“.
To the opening by Stefano Battini, President of SNA and Luigi Paganetto, President of Tor Vergata University Economics Foundation, are followed the speeches by Federico Spandonaro, President of CREA Sanità and Andrea Urbani, Director-General of health planning – Italian Ministry of Health.

 

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).

Data and comment

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7 Dec2017

Nation, Regions and Autonomies strengthened.
How to ensure Solidarity and Development

Group of 20 – Revitalizing Anaemic Europe


Workshop

Nation, Regions and Autonomies strengthened.
How to ensure Solidarity and Development


The workshop of Group of 20 “Revitalizing Anaemic Europe” took place on December 7th in Rome at the SNA – National School of Administration.
To the opening by Stefano Battini, President of SNA and Luigi Paganetto, President of Tor Vergata University Economics Foundation, are followed the speeches by Patrizio Bianchi, Emilia Romagna Region; Franco Gallo, Emeritus judge of the Italian Constitutional Court; Adriano Giannola, President of SVIMEZ; Mariano Bella, Confcommercio; Maria Ludovica Agrò, Director-General of Italian Agency for Territorial Cohesion; Vincenzo Scotti, Link Campus University; Pasquale Lucio Scandizzo, University of Rome “Tor Vergata”.


 

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%

Data and comment

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23 Nov2017

Tor Vergata Group of 20 – November 2017

The meeting of Group of 20 “Revitalizing Anaemic Europe” took place on November 23rd in Rome at the SNA – National School of Administration, and the topics were:

The 2018 Budget law, debt and issues of the Italian economy

To the opening by the President Luigi Paganetto are followed the speeches by Riccardo Barbieri H., Chief Economist Department of the Treasury – Italian Economy and Finance Ministry; Gloria Bartoli, LUISS “Guido Carli” University; Gimpaolo Galli, Italian Congress of Deputies; Giuseppe Pennisi, CNEL; Giuseppe Pisauro, President of The Italian Parliamentary Budget Office.

It’s possible to download the slides:

undefined Manovra 2018, Debito e nodi dell’economia Italiana (italian version)
Luigi Paganetto – President of Tor Vergata University Economics Foundation

undefined Italy’s macroeconomic outlook
Riccardo Barbieri H. – Italian Department of the Treasury – MEF

 

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.


 

14 Sep2017

Tor Vergata Group of 20 – September 2017

The meeting of Group of 20 “Revitalizing Anaemic Europe” took place on September 14th, 2017 and the topic was:

The economic recovery in Italy: What policies?

To the opening by Luigi Paganetto followed the speeches by Stefano Battini, President of SNA; Enrico Giovannini, ASviS e University of Rome “Tor Vergata“; Giampaolo Galli, Italian Congress of Deputies; Giorgio La Malfa, Ugo La Malfa Foundation; Angelo AiraghiAnsaldo; Ernesto Auci Italian Congress of Deputies; Paolo Guerrieri, University of Rome “La Sapienza”  – College of Europe, Bruges; Giulio Prosperetti, Italian Constitutional Court.

 

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.

Data and comment

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20 Jul2017

Tor Vergata Group of 20 – July 2017

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%.

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