PRESENTED BY PALAPPLE

ADVERTISE WITH US

Posted by iPhoto.org - Feb 26, 2009

Advertise here in this prominent space for only $100 per month, your advertisement will appear in all of the post pages available across this website.
Check out the link about for more advertisement options provided, get your message across!

Advertise with Us

SNAPSHOCK IS COMING TO TOWN

Posted by iPhoto.org On Feb 26, 2009

You better watch out,
You better bookmark,
You better ready your pics, cos I'm tell you why...

Snapshock is coming to town!!

Snapshock

THE BEST PLACE FOR DRY SEAFOOD

Posted by StarryGift On Mar 20, 2009

全香港其中一間最具規模的海味網上專門店。專營零售燕窩、鮑魚、海參、魚翅、花膠、元貝、冬蟲草,極具食療價值。此外亦提供各項中藥海味烹調方法,以導出各食品的固本培元及補生之效。

客戶服務熱線:3158 1276
傳真熱線:3158 1416
電郵查詢:info@starrygift.com

海味軒 | 香港燕窩海味網上專門店


Tuesday, May 24, 2011

How Bad Is The Italian Economy, Really?




Berlusconi shrugs

Friday's warning shot from S&P to Italy sent the Milan Stock Market plunging on Monday, and got everyone freaking out that this economic giant could find itself in the same mess as the rest of the PIIGS.


So how bad, really, the Italian economy?


Well, on the surface, it's no Greece or Spain, but it's pretty mediocre.


Some key headline statistics grabbed from Bloomberg:



  • Q1 GDP: 1.0%.

  • April CPI: 2.6%

  • April PPI:  6.1%

  • March unemployment: 8.3%

  • Retail sales have been flat.


One big red flag: Government debt-to-GDP 119%, which is usually seen as a big danger era.


Meanwhile, just for comparison, here are some numbers from Spain:



  • Q1 GDP: 0.8%

  • April CPI 3.8%

  • Unemployment: 21.3% (!)

  • Retail sales March -7.9%


So Spain is clearly in way worse shape than Spain, and not helping is the fact that its banks are much weaker (it would seem).


So while Italy has its problems -- government debt being a big one -- it's not (yet) in the recessionary basket case of some of its fellow PIIGS.


For the latest investing news, visit Money Game. Follow us on Twitter and Facebook.

Join the conversation about this story »

See Also:








Full story at http://feedproxy.google.com/~r/businessinsider/~3/V_PobCkAmrc/the-state-of-the-italian-economy-2011-5

No comments:

Post a Comment



Advertise with Us