"Italy Food & Drink Report Q4 2013" Now Available at Fast Market Research
Despite signals that the worst is over in Italy, we nonetheless expect the economy to remain in recession throughout 2013, forecasting real GDP to contract by 1.5%. With poor employment prospects and a prolonged recession weighing on consumer confidence, an ongoing decline in property values will further damage Italian perceptions of wealth and willingness to spend. Our forecast for GDP growth in 2014 and 2015 is 0.1% and 0.7% respectively, which reflects our view that a lack of structural reforms...
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