New Market Report: Italy Food & Drink Report Q1 2014
Following nine straight quarters of contraction, we forecast real GDP growth in Italy to reach 0.4% and 0.7% in 2014 and 2015 respectively. With one of the highest household savings rates in Europe prior to the crisis, and among the lowest private debt burdens, private consumption has not been a strong driver of GDP growth in the past decade. We do not expect this trend to change, and forecast private consumption growth of 0.3% and 0.7% in 2014 and 2015...
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