Lunedì, 22 Ottobre 2018
ROME

Spending power 'to take over 20 yrs to recover from crisis'

English
© ANSA

Rome, June 12 - It will take over 20 years for
Italian spending power to return to the growth levels seen prior
to the start of the global economic crisis in 2008, a study by
retailers' association Confcommercio and the Centre for European
Reform (CER) think tank said on Wednesday.
Each family has lost an average of over 3,400 euros in
spending power in Italy, which is enduring its longest recession
in 20 years, the study said.
The financial crisis is such that a return to pre-crisis
growth levels cannot be expected until 2036, Confcommercio and
CER said.

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