Friday, August 7, 2009
Italian Economy Continues to Contract
While many of the world's economies are showing signs of improvement the Italian economy is continuing its downward spiral. Although the economy is not contracting as much as it has been recently this is the 5th straight quarter in which there has been no improvement for the Italians and unemployment is at a 4 year high. During this recession there has been little want for Italian goods and exports and the country's stimulus plans appear to be failing.