Continue unstoppable the retreat of Italian household consumption, back to 1998 levelsi.e. 15 years ago. This is what emerges from report held by Carlo Sangalli, president of Confcommercioat the annual federal meeting.
Sangalli speaks openly about a poorer Italy with "heavy recessionary effects" and then goes on to analyze the effects of corrective maneuvers, defined as "a boulder that weighs on the current and future prospects of Italians", and who brought per capita GDP back in 2012 to 1990 levels, also stating that, if one adheres to "the impact assessments cited by the Stability Programme", the corrective measures will lead to a reduction in gross domestic product of 2,6% between 2012 and 2016.
And so, for Sangalli, the report on consumption turns into the “recession war bulletin”, a war which, as he himself asserts, continues "to reap its victims", transforming Italy into a poorer and more divided country, in which the distance between the North and the South widens and bankruptcies flock, while the only thing that is growing is unemployment.
