Mar 18, 2011
| Last Updated
- The external sector will continue to lead Italy’s economic recovery, though the pace of growth will slacken in 2011.
- Domestic consumption will continue to struggle due to labor market fragility, and low income growth.
- Heightened political instability may lead to early elections in 2011, and continues to delay much-needed economic and labor market reforms.
Macroeconomic Dynamics: Export Growth Cannot Compensate for Weak Consumption
Italy remains some way off recovering its lost output of 2008-09, and a return to pre-crisis GDP levels will take another three years if the pace of[...]
If you are an RGE client please log in to your account.
Access to this content is restricted to RGE clients.
If you have a client code, please enter it here to activate your client account.
Click here for a free trial.