Economic growth in Italy is
continuing but at a more moderate pace, according to the monthly
analysis on the economy carried out by the Confindustria
research centre.
Italy's growth continued in the second quarter but at a more
moderate pace, driven by services, while the situation of
industry and construction is less solid. Inflation is persisting
as expected, interest rates are rising and loans are falling,
said the study body of the industrial employers' federation.
Mixed signals are coming from consumption, while investments are
growing, albeit slightly, the centre said.
In general, there is weakness on the Eurozone front, while in
the USA, industry is picking up again.
China is slowing down, while India is growing, said the
Confindustria experts.
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