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Italy's recession may be at an end, Confindustria says

Industrialists' group sees conditions for recovery

28 January, 13:51
Italy's recession may be at an end, Confindustria says (ANSA) - Rome, January 28 - The powerful Italian industrial group Confindustria said on Monday that Italy's recession may finally be reaching an end. Confindustria's 'Situation Flash' stated that the Italian economy "is touching the bottom of a hard recession, the second in five years. Conditions for bouncing back have been reached which could initiate recovery".

The Confindustria also found that lost consumer confidence had compressed domestic consumption of durable goods more than would be justified by real disposable income alone.

photo: Confindustria President Giorgio Squinzi
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