Zurück geht es hier Grüezi! Sie wurden auf finanzen.ch, unser Portal für Schweizer Anleger, weitergeleitet.  Zurück geht es hier.
07.08.2014 10:38:41

Italy in triple-dip recession - QuickView by European Economist Azad Zangana

Template Schroders on Axel Springer

Schroders

iPad small mirrowed 

QuickView

Italy in triple-dip recession

August 2014

Azad Zangana, European Economist

Early official estimates show that Italy has slipped back into recession for the third time since 2007. The economy contracted by 0.2% in the second quarter having contracted by 0.1% in the first.

The fall in Q2 GDP comes as a surprise as consensus estimates expected 0.1% growth. Few details have been released with this initial estimate, but we know that industrial production including manufacturing fell by 0.4% over the second quarter, while retail sales have been broadly flat.  The latest contraction puts the level of Italian GDP 9.1% below its previous pre-financial crisis peak in Q3 2007.

The latest news will come as a severe blow for Matteo Renzi and his party, who have been slow to implement substantial macro reforms and instead been pre-occupied with politics. Meanwhile, neighbours Spain are putting Italy to shame, as early estimates there show growth of 0.7% in the second quarter.

It has been difficult to distinguish between peripheral Europe for some time, but what we have seen this year is the outperformance of countries that have implemented structural reforms and improved their competitiveness, like Spain and Ireland. Meanwhile countries that have been slow and unwilling to embrace reforms, such as Italy and France, have been a drag on the wider eurozone economy.

For further topics please have a look at

                                               Talking-Point-370x110

Enjoy reading. Kind regards,
Schroders Switzerland

Important Information:

The views and opinions contained herein are those of the author and may not necessarily represent views expressed or reflected in other Schroders communications, strategies or funds.
For press and professional investors and advisors only. This document is not suitable for retail clients.
This document is intended to be for information purposes only and it is not intended as promotional material in any respect. The material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. The material is not intended to provide, and should not be relied on for, accounting, legal or tax advice, or investment recommendations. Information herein is believed to be reliable but Schroders does not warrant its completeness or accuracy. The data has been sourced by Schroders and should be independently verif�ed prior to further publication or use. No responsibility can be accepted for errors of fact or opinion. This does not exclude or restrict any duty or liability that Schroders has to its customers under the Financial Services and Markets Act 2000 (as amended from time to time) or any other regulatory system.
 
Past performance is not a guide to future performance and may not be repeated. The value of investments and the income from them can go down as well as up and investors may not get back the amount originally invested.  Changes in exchange rates can also cause the value of investments in currencies.   Investments in emerging markets can involve a higher degree of risk. Less developed markets are generally less well regulated than the Switzerland, investments may be less liquid and there may be less reliable arrangements for trading and settlement of the underlying holdings.
Issued by Schroder Investment Management (Switzerland) AG, Central 2, CH-8001 Zurich which is authorised and regulated by the FINMA.
© Schroders plc | http://www.schroders.ch

Fondsfinder

finanzen.net News

Datum Titel
{{ARTIKEL.NEWS.HEAD.DATUM | date : "HH:mm" }}
{{ARTIKEL.NEWS.BODY.TITEL}}