Italy’s economy is one of the biggest downside risks to the global financial system and could spell disaster for Europe
|04/14/2019||Posted by BusinessMediaguide.Com under General World News||
- The IMF has slashed Italy’s growth prospects down from 0.9% this year to 0.1%. Some analysts see the country as a significant risk to the eurozone’s financial stability.
- Italy’s economy has been a topic of much debate since last summer with fears that the country’s beleaguered banking sector and ailing productivity could spell disaster.
- Banks in Italy are still loaded up with non-performing and poor-quality loans, which underline growing concerns about whether the eurozone laggard will be able to service its debt going forward.
Italy’s ongoing economic problems don’t appear to going anywhere soon. The country’s bad debts could — read more >>>