The foreign press – English speaking in particular – can see signs of recovery in Italy’s economy. The most comprehensive and in-depth article on this subject appeared in the Wall Street Journal, in which it set out that the European economy showing the most growth in October was, indeed, Italy’s, especially in its manufacturing sector, and that the economies of the rest of the continent were, in fact, slowing down.
Just as one would expect, this major US daily provided a far more detailed account than the summary provided above. Whilst Italy, it said, had turned a corner as far the economy was concerned, there was still much to be done on the matter of reforms. All in all however, if one takes those views and considers them in conjunction with all the other articles written and comments made over the last few weeks in newspapers and by international press agencies, it really does seem as if the recovery of Italy’s economy, which the national press has been announcing for quite some time, is something that is now also apparent abroad. Further confirmation can also be found in announcements made by business news agencies such as Reuters and Bloomberg, about the interest in Italy being shown by international investors in recent months.
The spotlight has been shining particularly brightly on the Italian companies that have recently been listed on the Stock Exchange, like Ferrari on Wall Street (and shortly also on the Milan Exchange) and Poste Italiane, that, as reported by Reuters, has announced this week that its profits, in the first nine months of this year, have practically doubled. Also featuring in the press are the comments by the boards of various international investment banks, stating that (Italian) government bonds are a valid investment option at the moment thanks to the country’s low interest rates.
It would seem, therefore, that the rest of the world is feeling reasonably optimistic about Italy at the moment, and that, according to articles that have appeared in the foreign press, could lead to yet more new investments which will, in turn, lead to a positive cycle that will further bolster the country’s economic recovery.