Close on the heels of a disappointing GDP report in Q2, Italy is set for a contraction in GDP this summer as well, as there seems to be a genuine slowdown in the Italian economy in the run-up to the referendum, reports Bank of America Merrill Lynch. Chiara Angeloni and Gilles Moec point out in their August 19 research piece titled “Zero growth was no fluke” that Italians have turned more optimistic since the end of 2012. Italy’s soft and hard data divergence The BAML analysts point out that investors’ attention in Europe has shifted to Italy after Brexit. Last month, Societe Generale’s…
Italy Zero Growth Was No fluke
Mani
Mani is a Senior Financial Consultant. He has worked in Senior Management role in large banking, financial and information technology organizations. He has provided solutions for major banking and securities firms across the globe in the area of retail, corporate and investment banking. He holds MBA (Finance) and Professional Management Accounting Qualifications. His hobbies are tracking global financial developments and watching sports