Italian outlook brightens as reforms gain pace - Schroders News on TalkingPoint

Summary:

• After a painful recession, Italy has returned to growth and there are signs of a cyclical upturn in domestic demand. The nascent economic recovery will be supported by the recent drop in government bond yields.
• Sentiment towards Italy has improved following the appointment of the new Prime Minister Matteo Renzi, who promises a more dynamic leadership and a faster pace of reforms to help accelerate the economic recovery. However, risks remain, notably surrounding high unemployment and public sector debt.
• The Italian equity market has outperformed materially over the last six months but this only reverses a fraction of the underperformance seen over the last decade.

Read full article from Sam Twidale, Fund Manager, European Equities

 Italian outlook brightens as reforms gain pace