Italy’s manufacturing sector shrank for a third straight month in the latest sign that Europe’s third-largest economy is on the brink of yet another recession.
IHS Markit’s gauge of factory activity came in at 49.2 for December. While that’s better than the 48.4 forecast by economists, it’s still below 50 — the dividing line between growth and contraction — and measures of employment and business confidence worsened.
The country was rocked in 2018 by the populist government’s heavy spending plans, which sparked a spat with the European Union and pushed up bond yields. The standoff was resolved at the final hour but unease remains amid a euro-area economic slowdown, less monetary support from the European Central Bank and U.S.-led protectionism.
Count this R due to excessive debt, as were many of the previous Rs. France is the big issue, however, if France tips then we have to give R to whole of EU.
No comments:
Post a Comment