World trade and global industrial production have remained on a recovery path. In addition, the Brent prices have been showing a marked increase over the last few months.
In the fourth quarter of 2020, the Italian Gross Domestic Product decreased by 1.9% with respect to the previous quarter but the carry-over for 2021 is positive (+2.3%).
Households’ consumption experimented a marked decrease in Q4 driven by reduction of expenditures for services, clothing and shoes.
In Q4, the drop in economic activity has been related to a reduction of hours worked but firm’s expectations on employment have showed positive signals over the last month.