Here is a Great Graphic from Rebecca Wilder. Her latest missive is in a similar vein as my note on Italy. While the external sector had helped Italy recover from the 2008 slide, the momentum has faded and has actually been a net drag for the past couple of quarters. The private domestic economy--consumption and investment, never did recover and the government's austerity continues to also be a drag. The poor growth prospects can only be exacerbated by the financial pressures and the rise in yields.
Great Graphic: Italy's GDP Components
Reviewed by Marc Chandler
on
June 12, 2012
Rating:
Reviewed by Marc Chandler
on
June 12, 2012
Rating:
