Martedì, 23 Ottobre 2018

Italians resort to 'survival strategies' as crisis bites


Rome, December 7 - Italy is characterised by a
''parallel discontinuity'' with the political institutions
engaged in putting the country's financial house in order on the
one hand and economic and social institutions having to apply
''frantic survival strategies'' on the other, according to the
annual report of the social statistics institute Censis
published Friday.
Some 2.5 million families have resorted to selling their
gold or other precious items over the last two years, the
statistics institute said.
Further, 85% have eliminated waste and excesses, 73% look
for special offers and 62.8% have cut back on travel to save
There has also been an increase in the use of bicycles to
get around and 2.7 million Italians now grow their own
vegetables for daily consumption.
Consumer spending fell by 2.8% in the first three months of
2012 and by nearly 4% in the second three months, fuelled by the
tendency to renounce or delay spending in an attempt to save
photo: Censis head Giuseppe De Rita

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