Italy's South returns to growth after 7 years - SVIMEZ

Nov 13, 2016 280

Southern Italy's GDP rose in 2015 after seven consecutive years of negative growth, local industrial development association SVIMEZ said on Thursday. Southern regions registered GDP growth of 1% last year, compared to a fall of 1.2% in 2014.


This was 0.3% more than in the rest of the country, SVIMEZ added. GDP in southern Italy fell by 12.3% between 2007 and 2014, almost twice the drop of 7.1% registered in the centre and north over the same period. Growth is set to continue this year, albeit at the slower rate of 0.5%, before rising to 0.9% in 2017, the association said.

Source: http://www.ansa.it/

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