Italy's economy shrank 0.1 percent year-on-year in the second quarter of 2019, the same as in the previous period and below a preliminary estimate and market expectations of a flat reading. GDP Annual Growth Rate in Italy averaged 2.39 percent from 1961 until 2019, reaching an all time high of 10.30 percent in the fourth quarter of 1961 and a record low of -7.20 percent in the first quarter of 2009.
GDP Annual Growth Rate in Italy is expected to be 0.10 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Italy to stand at 0.50 in 12 months time. In the long-term, the Italy GDP Annual Growth Rate is projected to trend around 1.40 percent in 2020, according to our econometric models.