Italy : a strong setback at the end
<?xml version="1.0" encoding="UTF-8"?><modsCollection xmlns="http://www.loc.gov/mods/v3" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-8.xsd">
<mods version="3.8">
<titleInfo>
<title>Italy</title>
<subTitle>: a strong setback at the end</subTitle>
</titleInfo>
<name type="personal" usage="primary" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20200002611">
<namePart>Krizan, Patrick</namePart>
<nameIdentifier>MAPA20200002611</nameIdentifier>
</name>
<name type="corporate" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20140005529">
<namePart>Euler Hermes</namePart>
<nameIdentifier>MAPA20140005529</nameIdentifier>
</name>
<typeOfResource>text</typeOfResource>
<originInfo>
<place>
<placeTerm type="code" authority="marccountry">fra</placeTerm>
</place>
<issuance>monographic</issuance>
<place>
<placeTerm type="text">Paris</placeTerm>
</place>
<publisher>Euler Hermes</publisher>
<dateIssued>2020</dateIssued>
</originInfo>
<language>
<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
</language>
<physicalDescription>
<form authority="marcform">print</form>
<extent>3 p</extent>
</physicalDescription>
<abstract displayLabel="Summary">Preliminary GDP in Q4 came out significantly below expectations at -0.3% qoq. If this figure is confirmed, real growth in Italy will have stagnated in 2019. Slipping back again into technical recession can no longer be ruled out. We keep our growth forecast of 0.4% for this year but see cleardownside risks. As for 2021 we stay with 0.8%. Although political uncertainty will persist, its effect of on economic activity should ease. As in the rest of the euro area, private consumption should be the main pillar of growth. On the capital markets, political uncertainty has so far been reflected only in higher sovereign spreads. </abstract>
<note type="statement of responsibility">Patrick Krizan</note>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080612092">
<topic>Producto interior bruto</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080546915">
<topic>Economía</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080600648">
<topic>Crecimiento económico</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080584344">
<topic>Control de riesgos</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080580148">
<topic>Economía política</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080565992">
<topic>Incertidumbre</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080548162">
<topic>Mercados</topic>
</subject>
<subject xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080543549">
<topic>Consumo</topic>
</subject>
<subject authority="lcshac" xmlns:xlink="http://www.w3.org/1999/xlink" xlink:href="MAPA20080637767">
<geographic>Italia</geographic>
</subject>
<classification authority="">921</classification>
<relatedItem type="series">
<titleInfo>
<title>Allianz Research</title>
</titleInfo>
</relatedItem>
<recordInfo>
<recordContentSource authority="marcorg">MAP</recordContentSource>
<recordCreationDate encoding="marc">200210</recordCreationDate>
<recordChangeDate encoding="iso8601">20200211113204.0</recordChangeDate>
<recordIdentifier source="MAP">MAP20200003816</recordIdentifier>
<languageOfCataloging>
<languageTerm type="code" authority="iso639-2b">eng</languageTerm>
</languageOfCataloging>
</recordInfo>
</mods>
</modsCollection>