Economic analysis of Italy

Economic analysis

gross domestic product

Italys economic growth has been quite dim since the beginning of 1990s. The GDP of the socio-economic class 2007 was 1,5 % and it is predicted to decrease in the by-line years. The problems with economy result from the vulnerability of the small and medium surface companies and from the growing competition in exports (Asian and Eastern Europe products). product industry and public economy atomic number 18 also in trouble. On the chart below you batch see how the GDP is split in its different sectors. The main field are the Services with 69.40 %, followed by the Industry with 22.70 %. As one can see, the industrial sector is only one third from the services. manifestation with 6.00 % and agriculture with 1.90 % contain only a low derive of the GDP

(Finpro Maarapotit)







Inflation
In the year 2007 inflation was virtually 2.10 % in Italy (this is about the same number than in EU countries). For the coming year 2008 inflation is judge to rise over 2.00 %; nevertheless it is expected to decrease in the future. The international increase in the legal injury of oil, some other raw materials and groceries are expected to affect the wrong level of imported goods in Italy.





Unemployment

In the year 2007 the official unemployment wander in Italy was 6 % which is lower than in other EU-countries. The main problem with unemployment is that it is not equally divided. Most unoccupied people live in the southern parts of the country. The unemployment rate of for example Sicilia and Calabria is almost 25 %; this compared to the northern regions is quite high. in that location the unemployment rate is below 5 %. The well protected berth of employees might restrain the potential growth of employment.

Italian market
in that location are a lot of possibilities for special products in the retail sector. However, it is not an easy task to sell a contrary product to the Italian consumers. The biggest problem for Finnish products in the Italian market is that these products are relatively unknwon...If you want to get a full essay, order it on our website: Orderessay



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