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Ajassa (Bnl): today China's GDP is three times that of Italy while 20 years ago it was the opposite

“If the 100 GDP value is equal to 2006, in 2012 China will have grown to 180, India will reach 160 and Italy will recover the 100 of 2006”. This was stated by the head of the Bnl Research Department, Giovanni Ajassa, adding that "in 1991 Italy's GDP was 3 times that of China while today China's GDP is 3 times that of Italy".

China and India, like most emerging countries, are growing at a rate that Italy can't even dream of. "Making the GDP value of 100 2006, in 2012 China will have grown to 180, India will reach 160 and Italy will recover the 100 of 2006" Giovanni Ajassa, head of BNL's Research Department, said today , illustrating the macroeconomic scenarios at the assembly of industrialists in Monza and Brianza. "It's not just a question of speed - added Ajassa - because today the large emerging economies run but also weigh more than us: in 1991 Italy's GDP was three times that of China while today the Chinese GDP is three times that of Italy". “Internationalization and innovation are not only the privilege of large companies. Through associative instruments such as the new contractual form of business networks, even small companies can catch the wave of new global growth. To overcome these limits - said Ajassa - a contribution can come from networks, web and banking partners truly capable of acting as a bridge between global demand and local supply of entrepreneurship and inventiveness. This is true for the manufacturing industry but also for the excellence of the agro-food chains and for services to businesses and people”.

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