1/6/2011 00:00:00

Presented in Rome the Report on "Regional Economies and the Tertiary Market 2011", carried out by the Confcommercio Research Office based on Eurostat and Istat data. The Director of the Research Office, Mariano Bella, said that our country "slows down because today arises again the issue of poor growth that has been gripping Italy for ten years." "In the future – said Bella – we cannot expect some kind of growth rates as in France but figures around 0.1-0.2%. According to Bella, there are two pillars on which a cure to return to growth can be set: the services and the South. In particular, according to the Director of the Research Office, "tourism is the pivot on which to base a policy of economic revival. Tourism is made of a variety of services (transport, logistics and infrastructure) and the South-tourism whole can be a card to play. "The South – Bella commented – would benefit a lot and remember that without the South, the country as a whole cannot grow." The problem is that the starting point is far from encouraging: the rift between North and South of the country has grown between 2001 and 2010 so that if today the South supposedly began to grow at three times the speed of the North it would reach the latter only in 2040. Regarding the macroeconomic framework, Confcommercio has revised downwards its estimates on consumption of the Italians in 2011 and 2012. The expenditure of resident households this year will amount to +0.7% instead of +0.9% forecasted in March. Also declining the forecast for 2012, with consumption growing by 1.2% instead of 1.5% expected in March.

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Download the statistical appendix

Download the ranking income/consumption per inhabitant in the provinces

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