Lunedì, 24 Settembre 2018
ROME

Italy's credit crunch worsened in 2nd quarter, say retailers

English
© ANSA

Rome, August 7 - The credit crunch in recession-hit
Italy worsened for shops, tourism and service businesses in the
second quarter of this year, retailers association Confcommercio
said Wednesday.
Confcommercio said the proportion of businesses who had
requests for loans granted fell to 26.9% in the second quarter,
the lowest level since 2009, compared to 29.6% in the first
three months of the year.
The association said the problem was particularly bad for
small businesses and those in central and southern Italy.
Companies having trouble accessing credit is seen by
economists as a factor that is making it hard for Italy to
emerge from its longest recession in over 20 years.

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