The Italian statistical office Istat released its gross domestic product (GDP) forecast data for Italy on Wednesday. The Istat expects the Italian economy to expand moderately in the first quarter. The Italian GDP is expected to rise 0.1% in the first quarter, after a 0.1% growth in the fourth quarter of 2015.
The Istat said that domestic demand was expected to be the main driver of the economic growth, exports were expected to fall, while investment will remain stable.
In 2016 as a whole, the Italian economy is expected to grow 0.4%, after a 0.8% rise in 2015.