Venerdì, 19 Ottobre 2018

GDP likely down 1.5% in 2013 says Confindustria


Milan, June 25 - Italy's economy will continue to
endure recession throughout this year, with even greater
suffering than forecast, the head of the country's industrial
employers' confederation Confindustria said Tuesday.
"This year we will suffer more than expected, we will still
be in recession for the whole of 2013," said Giorgio Squinzi,
president of Confindustria.
Gross domestic product (GDP) will remain below zero for the
year, likely averaging about 1.5% below 2012, he warned.
Italy's national statistics agency Istat recently estimated
an economic contraction of 1.6% for the year compared to 2012,
if the economy doesn't worsen even more dramatically during the

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