S & P: “Italy is out of recession” – TGCOM

11:32 – “The Italian economy is finally out of recession after 3½ years of contraction “, you read it in ‘ latest report S & amp; P in our country. “However – continues American analysts – it is likely that the recovery is tepid because of the low growth of the pay and the high rate of unemployment holding back consumer demand more than in other euro zone countries. “

The title the last report of the rating agency Standard & amp; Poor’s is 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 increased by 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 investment – continues – The banking sector Italian 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 productivity trends was Added to this deterioration, “underscores Six. “Since the end of 2014 there have been signs of an economy that is being revived but will be a long road to return to growth rates of GDP just above 1.5%,” said the chief economist S & amp; P.

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Economic Crisis

S & amp; p Italy