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Stagnation in 2018 says Confcommercio (2)

Small businesses in credit crunch say retailers

Redazione Ansa

(ANSA) - Rome, March 31 - The Italian economy will show "stagnation" next year, retailers' group Confcommercio said Friday, revising a previous estimate showing slight growth.
    It said growth would slow from 1% this year to 0.8% next year.
    Very small businesses in Italy, those with less than nine workers, are experiencing a "credit crunch", Confcommercio said.
    It said only 11% of them had access to adequate financing. After the financial crisis the relationship with the banks has not resumed, it said.
   

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