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Italian growth 'will accelerate and be more solid'

22 settembre 2015 | 14.13
LETTURA: 1 minuti

 - INFOPHOTO
- INFOPHOTO

Italy's future growth will "accelerate" and become more "solid", finance minister Pier Carlo Padoan said on Tuesday after the government upgraded its economic forecasts.

"I have good reason to think that growth will accelerate in the future and be more solid," said Padoan.

"We are exiting the crisis and the finance ministry's forecasts are more optimistic than they were in the past," Padoan said.

He was speaking on the sidelines of a conference on patenting and Italian industry.

Ahead of next month’s budget law, the government last week revised upwards its growth forecasts for 2015 and 2016.

Output would rise by 0.9 percent this year and 1.6 percent next year, compared with earlier estimates of of 0.7 percent growth in 2015 and 1.4 percent in 2016, it said.

“In 2015 we turned the corner, and in 2016 we have to accelerate,” Italy's premier Matteo Renzi told journalists on Friday.

The improved economic outlook has been boosted by external factors such as a lower euro and lower oil prices but also by stronger domestic demand.

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