The sentiment indicators of The European House – Ambrosetti Club regarding the current economic situation and prospects for the job market indicate a slight deterioration, and confirm that the Italian economy is not actually able to accelerate or, at least, keep up with the other economies in the Eurozone.
Also in these first 3 months, as in the last quarter of 2016, the overall picture is characterized by high levels of uncertainty on the economic and geo-political front. It’s an uncertainty that has become the “new normality” as many businessmen and top managements of large Italian companies have informed us in these months.
The 15th Ambrosetti Club Economic Indicator survey is now available. Since the last survey in September, many things have changed on the international and national scene.
The GDP figures for the second quarter have set off alarm bells, highlighting how action must be taken immediately on structural aspects of the economy to foster growth in productivity and competitiveness.
Assessing the effect of Brexit while riding the emotional wave and the initial reactions of the markets risks leading to hasty conclusions, especially when faced with the explosion in volatility and extremes in judgment, almost always irrationally based.
Valerio De Molli presents the findings of the YPO Global Pulse economic sentiment indicator: the index showed an increase of 1.1 points, reaching a total of 61.6 in the first quarter of 2016.
The first quarter of this year closed better than it began, but low-key compared with the expectations at the end of 2015.