58657
Italy’s Jobless at 18-Month High
Italy’s Jobless at 18-Month High

Italy’s Jobless at 18-Month High

Italy’s Jobless at 18-Month High

Italy’s unemployment rate stayed at the highest in a year and a half, reflecting households’ concerns about the growth outlook in the euro region’s third-biggest economy. The jobless rate remained at 12% in December, after the reading for the previous month was revised upwards from a preliminary 11.9%, statistics agency Istat said Tuesday in Rome. The median estimate in a Bloomberg survey of 13 analysts called for a fall to 11.8%. Youth unemployment rose to 40.1%, also the highest since June 2015. Consumer confidence declined in January as households were unsatisfied with the current situation and grew pessimistic about the economic outlook, Istat said in a separate report last week. The trend was compounded by the latest data on consumption, with retail sales falling in November the most since March on a monthly basis. In mid-January the International Monetary Fund cut its forecast for Italy’s gross domestic product this year and next, citing “elevated political and banking sector uncertainties.” 

 

Short URL : https://goo.gl/bJv57I
  1. https://goo.gl/FmUiFW
  • https://goo.gl/ZRbAaq
  • https://goo.gl/zPHuf0
  • https://goo.gl/YC7VdV
  • https://goo.gl/F4h7CZ

You can also read ...

The lira has lost around 45% of its value against the US currency this year, largely over worries about Erdogan’s influence over the economy
Turkey’s central bank on Monday announced it was ready to take...
According to the new regulations, Cubans will be able to hold only one business license.
The Cuban government has said it wants more foreign investment...
Trump’s No-Win Trade War
President Donald Trump’s trade war may be fated to fail, for...
World Stocks, Currencies Plummet
World markets shuddered on Monday, as Turkey’s worsening...
Amado Boudou (R) attends his trial on corruption charges  in Buenos Aires on August 7.
Records kept in notebooks of the kinds used by schoolchildren...
(P)GCC Banks  Face Business Risks
A number of (Persian) Gulf Cooperation Council banks that have...
Singapore Warns Trade Tensions May Lower H2 Growth
Singapore authorities warned of slower economic growth in the...
China Printing Foreign Money
China is printing more foreign money as it seeks to expand its...

Add new comment

Read our comment policy before posting your viewpoints

Trending

Googleplus