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This article was published September 23, 2015 at 10:56.
The last change is the September 23, 2015 at 11:15 am.
“The Italian economy is finally emerging from recession after 3½ years of contraction. However, it is likely that the recovery is tepid because of low wage growth and high unemployment that hamper consumer demand more than in other euro zone countries. ” So says the last report of the rating agency Standard & amp; Poor’s, titled ” Shooting surface of Italy ”.
“In the first quarter, the Italian economy has returned to life; the trust in business is improving and consumer surveys show a level of confidence not seen since 2008 but the recovery is weak compared to the neighboring countries of the eurozone ” writes the chief economist Jean-Michel Six remembering that real GDP is rose 0.7% in the first half compared to 1.2% in the eurozone. “There are signs that Italian exports begin to work better, but a sustainable recovery will still need a strong wave of investments ”, says the report of S & amp; P’s.
“The Italian banking sector remains vulnerable and is in an ideal position to support private investment. “Years of decline in capital formation have damaged the potential for growth and competitiveness in the global economy, and the continued growth of wages above the trend in productivity has been added to this deterioration,” says Six. “Since the end of 2014 there have been signs of an economy that is being revived but will be a long road back to growth rates of GDP just above 1.5%,” concluded Six.
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