Italian Economic Deterioration Accelerates: Q2 GDP Forecast To Drop More Than 1%

pexels-photo-730647.jpeg
Photo by Carlos Pernalete Tua on Pexels.com

See on Scoop.itBinterest

Overnight we got some good news on Italian industrial production. Well, get ready to scrap them as according to Italian Trade Union Confindustria, and validating the collapse as predicted by PMI indicators, Italy’s Q2 GDP is now expected to shrink more than 1% in Q2: the worst print since 2009, cementing the country’s “double dip”, and that real-time industrial output in April, now that LTRO has fizzled, is expected to fall 0.6%. See on www.zerohedge.com

Pubblicato
Categorie: Life