Italy’s economy shrinks in Q2, minister says US tariffs to hit growth Investing.com -- Italy’s economy unexpectedly contracted by 0.1% in the second quarter compared to the first quarter, according to preliminary data released Wednesday. Economy Minister Giancarlo Giorgetti said U.S. tariffs will have a significant impact on the economy in Italy and Europe, though he maintained that the government’s GDP growth target of 0.6% for 2025 remains achievable despite the disappointing latest figures. Giorgetti noted that the EU-US deal on tariffs agreed last weekend would have a cumulative negative impact on Italian GDP of up to 0.5% next year. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

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Italy’s GDP could fall up to 0.8% by 2027 due to U.S. tariffs Investing.com -- Italy’s gross domestic product could decrease by up to 0.8% by 2027 if the United States implements 30% tariffs on European Union goods, according to the country’s main business lobby, Confindustria. The research unit of Confindustria said Monday that if the 30% tariffs are confirmed, and assuming no countermeasures from the EU, Italy’s GDP would take a 0.25% hit this year, increasing to 0.59% in 2026 and 0.82% in 2027. President Donald Trump has threatened to impose 30% tariffs on EU imports starting August 1. However, U.S. trade chief Howard Lutnick said Sunday there was "plenty of room" for an agreement with European counterparts as transatlantic trade negotiations continue. Italy’s main exports to the U.S. include machinery, pharmaceuticals, cars and food products such as olive oil, pasta, cheese and wine, which would be affected by the potential tariffs. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C. AI computing powers are changing the stock market. Investing.com's ProPicks AI includes 6 winning stock portfolios chosen by our advanced AI. In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. Which stock will be the next to soar?

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Italy’s economic growth likely slowed in Q2, central bank says Investing.com -- Italy’s economic growth likely decelerated in the second quarter of 2025 compared to the first quarter, the Bank of Italy reported Friday. The central bank attributed the slowdown to reduced consumer and investment spending, citing deteriorating sentiment and high uncertainty related to U.S. tariffs. In the first quarter of 2025, Italian gross domestic product (GDP) expanded by 0.3% compared to the fourth quarter of 2024. The National Statistics Bureau ISTAT is scheduled to release a flash estimate of second quarter growth on July 30. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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Climate change could cost Italy over 5% of GDP in 2050, budget watchdog says hereremove ads Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks. Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed. Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

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Italy’s economy holds up in first quarter thanks to domestic demand ROME (Reuters) -The Italian economy grew by 0.3% in the first quarter from the previous three months, preliminary data showed on Wednesday, a slightly stronger reading than expected thanks to positive domestic demand which offset a negative impact from trade flows. On a year-on-year basis, first quarter gross domestic product in the euro zone’s third largest economy was up 0.6%, national statistics bureau ISTAT said. A Reuters survey of 28 economists had forecast a 0.2% rise quarter-on-quarter and a 0.4% increase year-on-year. The data was greeted with relief by Giorgia Meloni’s government, which this month halved its full-year 2025 growth forecast to 0.6% from a 1.2% target set in September, amid mounting uncertainty due to U.S. trade tariff policy. Economy Minister Giancarlo Giorgetti said Italy had performed "better than other European countries," in an apparent reference to France and Germany, without elaborating. Giorgetti said in a statement that the data showed Rome’s latest forecasts were reliable and also demonstrated "the effectiveness of the government’s economic policies." Germany, the euro zone’s largest economy, grew by 0.2% in the first quarter from the previous three months, while France, the bloc’s second-largest economy, reported a marginal GDP increase of 0.1%. Both readings were in line with analysts’ expectations. Italy’s ISTAT gave no numerical breakdown of components with its preliminary first quarter estimate but said industry and agriculture had expanded, while services had stagnated. The Bank of Italy has forecast Italian 2025 growth of just 0.5%, while the International Monetary Fund sees 0.4%. Growth came in at 0.7% in each of the last two years. ISTAT revised its previous data for the fourth quarter of last year to show a 0.2% quarter-on-quarter rise and a 0.5% year-on-year increase, previously reported at 0.1% quarter-on-quarter and 0.6% annually. The statistics institute said the first quarter data provided a platform of 0.4% of so-called "acquired growth," indicating what the full-year 2025 growth rate would be if there were to be no quarterly growth over the rest of the year.

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Italy's Crypto Tax: Innovation vs Regulation?

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