Mexican Media Brands
Italy Slips into Economic Recession
Italy’s economy posted its second consecutive quarter of shrinkage in October-December, thereby signaling a recession.
#economics
Share
Italy’s economy posted its second consecutive quarter of shrinkage in October-December, thereby signaling a recession.
The country’s Istat statistics agency says Italy’s economy, which contracted by 0.1% in the third quarter, shrank by 0.2% in the following period. Exports rose but were offset by declines in industrial, agricultural, forestry and fishing sectors.
Analysts say Italy’s problem is a combination of high debt and a cooling economy. BBC News reports that Italy’s government debt has grown to €2.3 trillion ($2.6 trillion), the largest in the European Union and the fourth-largest for any government worldwide.
RELATED CONTENT
-
On Quantum Navigation, EVs, Auto Industry Sales and more
Sandia’s quantum navi, three things about EVs, transporting iron ore in an EV during the winter, going underwater in an EV (OK, it is a sub), state of the UK auto industry (sad), why the Big Three likes Big Vehicles, and the future of logistics.
-
Mazda, CARB and PSA North America: Car Talk
The Center for Automotive Research (CAR) Management Briefing Seminars, an annual event, was held last week in Traverse City, Michigan.
-
On Lincoln-Shinola, Euro EV Sales, Engineered Carbon, and more
On a Lincoln-Shinola concept, Euro EV sales, engineered carbon for fuel cells, a thermal sensor for ADAS, battery analytics, and measuring vehicle performance in use with big data