Economy in Italy Essay Example | Topics and Well Written Essays - 1000 words

Economy in Italy - Essay ExampleS&P revise its estimates based on the GDP in Italy which show only an average growth of .7% between 2011 and 2014 which is more lower than what was projected in previous information that the growth would be somewhere around 1.3%. With the upwards pressure on the funding costs in private and public sectors and a dampened external demand, in addition to austerity measures that have been put into place by the government, it is likely that the growth will furthermost less than was previously predicted (Ellis).Italy appears to be in trouble and this does not bode well for the next deuce-ace years. The area has a great number of resources where its history is concerned, but it appears that its present is in a conflicted province that might make visiting the nation a more difficult or less benevolent prospect. With the turmoil in the government, it might be wise to assess the current state of affairs originally visiting the country as well as assess t he stability of the Euro as it is used in the nation.Showing that the news is ever evolving and connected, Dominic Rushe wrote an article about the economic conditions in Italy in relationship to the expressive style it will affect the entire European economic situation. The credit rating service Moodys has been the second service in a few weeks to downgrade the Italian rating, creating problems for the idea of lending to the nation and increasing the costs of borrowing for the state. Moodys stated that it cut the rating because sustained and non-cyclical eroding of confidence (Rushe).An interesting point was made by Italys Prime Minister Silvio Berlusconi who criticised Moodys rival step & Poors when it cut Italys credit rating last month, saying the ratings agencys action was dictated more by newspaper stories than by reality (Rushe). This commentary furthers the idea that much of the economy is