Italy’s economy: Mezza mezza

Posted: January 8, 2016 in economy
Tags: , ,

UK Only Article: 
standard article

Issue: 

The Saudi blueprint

Fly Title: 

Italy’s economy

Rubric: 

As other peripheral economies take off, Italy’s is just so-so

Location: 

ROME

Main image: 

20160109_EUP001_1.jpg

IT SEEMS that some PIIGS can fly. During the euro crisis Portugal, Ireland, Italy, Greece and Spain looked wobbly and, because of their initials, earned an unflattering porcine label. Yet three of the five grew robustly in 2015 (see chart). The laggard was Greece, still labouring under the terms of its bail-out.
Italy, too, performed disappointingly. In December the bosses’ association Confindustria downgraded its estimate of growth in 2015 to 0.8%. No one is expecting a big surge in 2016. The EU expects Italian GDP to rise 1.5%, but last year’s quarter-on-quarter figures suggested growth was slowing (from 0.3% in the first two quarters to 0.2% in the third). “There is a recovery,” the finance minister, Pier Carlo Padoan, …

via Economic Crisis http://ift.tt/1ISU1ac

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s