17/1/2011 00:00:00
According to Bank of Italy, the world economy continues to expand but the rising price of raw material affects the increase of consumer prices. Tensions have reemerged on the sovereign debt of some euro area countries triggered by the serious difficulties of the Irish banking system. In the third quarter of 2010 the euro area GDP grew by 0.3% on the previous period, while during the same period in Italy there was a slowdown to 0.3% and employment continues to decline, albeit slightly, with greater impact on young people. The forecasts for 2011 and 2012 give the Italian GDP growth rate low, around 1% less than in other euro area countries, although we cannot exclude change of scenery in both directions.
