In the First quarter of 2025 The Italian economy grew by 0.3% compared to the last quarter and 0.6% compared to the same period of 2024. It is more positive data than expected, both by about 0.1%. The first result, the economic result, is also the best of the last two years. To find a faster growth between one quarter and the other you must in fact return to the first three months of 2023.
Economy Minister Giancarlo Giorgetti said he was satisfied with the result and declared that the country is growing more than other European states. In reality, Italian growth remained under the European average And he beat, among the great continental economies, only Germany for some time in crisis.
Italy grows more than expected
Preliminary estimates on the growth of Italian GDP In the first quarter of 2025 they were released by Istat proved to be better than expected. In fact, the forecasts spoke of an economic growth (quarter on the quarter) of 0.2% and an annual of 0.4%. If the country were to stop growing throughout the rest of the year, the Italian economy would still expand 0.4% compared to 2024 (acquired growth).
These are positive data, after at the end of 2024 the Italian growth had stood for months and had been equal to 0.6% per year. To find a more positive result than the situation of the quarter just ended, you have to return At the beginning of 2023when the GDP had grown by 0.5%. Since then the economy of our country had never managed to expand more than 0.2%.
The sectors that drag Italian growth
The data of the first quarter are particularly positive also because they mainly depend on an expansion of industry and, even if with a largely lower impact on the total, of agriculture. The services, on the other hand, which have been the only economic sector for years, have remained stationary.
This data is crucial because in recent years the Italian manufacture has crossed a period of crisis. Two central sectors such as the automotive and that of luxury have seen orders and profits reduced due to circumstances outside the control of individual companies and the state. A recovery of industrial production, with a prevalence of alternative sectors to traditional ones such as pharmaceuticals, is essential for the growth of the country.
Istat also detected an increase in internal component of the expenditureanother fact that in recent years had often been negative. This has managed to compensate for the drop in exports due to international tensions and duties.
Government satisfaction
Economy Minister Giorgetti commented on the data: “Istat certifies a positive growth for the first quarter, better than other European countries. An important signal that demonstrates the correctness of our forecasts and the effectiveness of the government’s economic policies” said.
In reality, Italy is worse than the average of the Eurozone (+0.4% on the quarter) and remains in difficulty in comparison with the other great economies of the continent. Is worse than the France in the annual and worse data of the Spain in both indicators. The only great European state that Italy has passed is the Germany. The latter, however, has been slowly leaving a recession that has lasted for two years.
