FX.co ★ Italian GDP Grows More than Expected

Italy's gross domestic product (GDP) grew by 0.3% in the first quarter of the year, an improvement from the previous quarter's 0.1% growth and surpassing market forecasts, which predicted a more modest 0.2% increase, as revealed in a preliminary estimate. This represents the most significant quarterly growth in a year, driven by increased output in the industrial and agricultural sectors, which counterbalanced the stagnant performance in the services sector. On an annualized basis, this growth suggests a 0.4% expansion in Italy's GDP by 2025, slightly below the Bank of Italy's revised projections of 0.6%, which had already factored in the impact of stringent US tariffs.