The light at the end of the tunnel looks further than ever for Italy. According to Confindustria Italy has to acknowledge the worsened market situation against the forecasts in December 2011, having “direct effects on GDP, job market and government finances”, therefore the “actual recovery will start in six month time”. CSC forecasts in 2012 the drop of GDP by 2.4%, compared to 1.6% in December. The trend in 2013 will suffer from the heavily negative inheritance of 2012, dragging the GDP from +0.6% to -0.3%. Moreover according to CSC constructions will go down by 7.5% (-5.1% in December) and by another 1.1% in 2013 (compared to +0.8%).
Confindustria: constructions go down by 7.5% and by another 1.1% in 2013
28/06/2012, 09:18 | Italia | Confindustria
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