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Much work ahead for the Monti administration
- The forecast of economic activity in 2012 points towards another year of contraction
- Sectors related to public buyers and private consumption are mainly affected
- Credit conditions have tightened and domestic lending rates have increased
- Business insolvencies: slower increase in 2011 and 2012, but still very high level
- Our underwriting stance is more selective
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General Information
Capital - Rome
Currency - Euro (EUR)
Population - 60.6 million
Main import sources (2010)
- Germany - 15.9%
- France - 8.3%
- China - 7.8%
- The Netherlands - 5.3%
- Spain - 4.5%
Main export markets (2010)
- Germany - 12.7%
- France - 11.5%
- USA - 5.9%
- Spain - 5.7%
- UK - 5.1%
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Date November 2011
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