1. Sustained growth in Q2
2. Inflation is rising, and so is confidence
GDP growth consolidated in Q2 at 0.2 per cent. Household consumption rose for a second consecutive quarter, driven by spending on durable goods. Rising gas and oil prices pushed inflation up again in August, whilst confidence continued to improve.
CitationThe economy has performed well for the second consecutive quarter, even as the deteriorating international situation and its impact on inflation hang like a sword of Damocles; this is primarily due to domestic factors. Behind the overall growth of 0.2 per cent lie significant shifts among the components of GDP. Consumption, first and foremost, confirms that it has emerged from the sluggish phase that characterised it in 2025, but this is due to a one-off boost linked to vehicle sales, driven by government subsidies. As for investment, the main driver of this resilience remains, without a doubt, the recovery plan, which, in its final stages, continues to underpin public investment.