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MNI: ITALY DATA: Final GDP (Q1 2019) Preview -.......>

MNI: ITALY DATA: Final GDP (Q1 2019) Preview - 09:00 BST
- Flash (Q1): 0.2% q/q, 0.1% y/y; Prev (Q4): -0.1% q/q, 0.0% y/y
- Final data expected to confirm economy grew for first time in three qtrs in Q1
- Istat indicated in its flash release that domestic demand (incl inventories)
was a drag on q/q Q1 growth... 
- ... but that this was more than offset by a positive net trade contribution
- Expenditure breakdown to be provided in final release, giving a more detailed
picture of growth dynamics 
- Despite having climbed out of recession, the near-term outlook for the Italian
economy remains lacklustre
- Domestic political & economic uncertainty, as well as global trade tensions,
continue to weigh on household and business spending & investment decisions
- With the economy expected to barely grow this year, and the government's
renewed spending & tax cut pledges, Italy is firmly on course for another budget
collision with the European Commission

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