Rome

Economy growing says Padoan (2)

Fastest pace since 2011

Economy growing says Padoan (2)

Rome, December 1 - Economy Minister Pier Carlo Padoan greeted good growth and jobs data Thursday by tweeting "the economy is growing at its fastest pace since 2011 and creating jobs. The right direction, change is helping to accelerate". ISTAT said Italy's gross domestic product (GDP) was up by 0.3% in the third quarter with respect to the previous three months and up by 1% compared to the same period in 2015. Italy's unemployment rate, meanwhile, fell to 11.6% in October, down 0.1 of a percentage point on the previous month, ISTAT said. Italy's unemployment rate for people aged 15 to 24 who are actively on the labour market dropped to 36.4% in October, down 0.4 of a percentage point on September, ISTAT said.

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