Italy

RGE's Q3 2010 Italy Outlook

Following one quarter of positive growth, Italian GDP recorded a renewed contraction in Q4 2009 in line with RGE’s Q1 2010 outlook. Despite the disappointing performance, RGE expects Italy’s economic recovery process to move forward in 2010, even if the underlying growth momentum remains fragile. RGE confirms its baseline scenario of a prolonged, U-shaped recovery characterized by anemic growth. In light of broad-based weaknesses in the domestic as well as the foreign sector and substantial economic rigidities, which further limited the growth potential, the Italian economy’s recovery prospects appear to be the least promising among the three largest eurozone economies.

Read the Q3 2010 Italy Outlook.