The overshoot with respect to the estimates included in the Economic and Financial Planning Document was equal to 1 per cent of GDP. In December the Government presented the update of the Stability Programme for Italy to the European Council and Commission. The target for net borrowing of 0.8 per cent of GDP in 2001 was confirmed.
Economic activity in Japan subsequently strengthened temporarily until around the summer of 2010, due mainly to temporary factors such as the last-minute rise in demand upon the expiration of subsidies for purchasers of environmentally friendly cars and the boost from the extremely hot weather.