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Wednesday, December 10, 2008 

Italy in recession

Italy is the most recent European country to enter in recession. Early in the morning the Italian institute of statistics confirmed the recession of the country's economy after the GDP has retracted 0.5% in the third quarter of the year against the previous quarter, which is the worst since the last quarter of 1998. Italy joins now the group of European countries that are already in recession as Germany, Sweden or Ireland. I think more countries will join this group in the next months. The economy of the biggest countries in Europe is collapsing faster than I was expecting.

AC

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  • I'm a 43 year old Independent Trader using proprietary technical analysis with more than 18 years experience of investing in the US stock markets. I started this blog in 2006 simply as a way to share my thoughts about capital, risk management, and trading. My blog contains only my personal opinion and is provided for informational purposes only.

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