During the first quarter of 2019, Italian GDP accelerated by 0.09 p.p. its year-over-year growth rate, to 0.07%. This performance was mainly due to higher growth in domestic demand, which accelerated by 0.19 p.p. to 0.62%. In the labor market, the unemployment rate fell compared to the fourth quarter of 2018 to 10.42%, while the year-over-year rate of employment creation slowed by 0.13 p.p. to 0.45%. With regard to the exchange rate, the euro remained constant against the US dollar compared to the previous quarter, recording an average exchange rate of 1.14 $/€ during the first quarter of the year.
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