Euro opened the week moderately optimistic. On Monday 21 April the U.S. totaled 1,381 news coming from Europe, can significantly tighten up the euro exchange rate , but due to the fact that some of the Europeans (including Germany) continues to celebrate the Easter holidays , it is unlikely to happen.
The growth of the Italian economy in 2014 . may exceed 0.8 %. This was the Italian Corriere della Serra Economy Minister Pier Carlo Padoan Italy . The Minister did not say how much it may be exceeded this figure .
Earlier in April, the Italian government issued economic and financial forecasts , which contained a figure expected in 2014 . economic growth – 0.8%. However, according to P.Padoana , this figure may be exceeded. He noted that the estimate on how much it is exceeded , is not currently possible . Italy’s economy , the third largest in Europe , was strongly reduced in 2012 and 2013. and returned to growth in the last quarter of 2013. While economists polled by Reuters expect GDP growth of 0.6% in Italy in 2014 .
Meanwhile the Italian minister said that the decision of the government of the country tax cuts for low-income residents for 80 euros per month should become permanent . ” If it is not such, it will not have any positive effect on the economy ,” – said the Minister.
The fact that the debt crisis in Italy left behind – not only the opinion of the Italian economy minister , but also a more objective debt market. Thus, the yield of U.S. bonds (2.7%) is comparable to the yields of Italy ( 3.1%). Moreover , the market is seen a clear demand for the securities of the latter. Such news could significantly strengthen the position of the already strong euro . And it can suppress the high rate of economic activity is gaining momentum . Therefore, all the speculation surrounding the euro can be reduced to one: the ECB will be decided on the incentives for the depreciation of the currency or not?
Italy was pleasantly surprised by the strong euro outlook
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