Good news for the Italian economy. The positive judgment comes from the US rating agency Standard & Poor's, which, commenting on the situation in Italy, ruled as follows: 'Italy joined the ball as recovery returns'. "The Italian GDP - added the chief economist for Europe of S&P Global, Jean-Michel Six, presenting the macro-economic prospects in Paris - is still below that of 2007, but in any case there are positive signs ”. Six, he added, speaking of the other countries, that Portugal also marks a "spectacular growth".
It is the second time in a few months that Standard & Poor's has given Italy an important recognition: two and a half months ago, at the end of October, for the first time since 2002 the agency had raised the country's credit rating from «BBB-/A-3» to «BBB/A-2». "We are revising Italy's rating upwards due to improved growth prospects, supported by increased investment and employment growth, but also by expansionary monetary policy," the statement read. Since 2002 not even other agencies had raised Italy's rating.
Just today, on the domestic side, Istat announced that in November 2017 retail sales increased by 1,1% in value and 0,8% in volume compared to the previous month. In particular, increases were recorded both for the sales of food goods (+1,1% in value and +1% in volume) and for those of non-food goods (+1% in value and +0,7% in volume ). In comparison with November 2016, retail sales grew by 1,4% in value and by 0,6% in volume. In the same period, sales of food products increased by 2% in value (they remained unchanged in volume), while those of non-food products grew both in value and in volume (respectively, +1,1% and +0,8%). . A further sign of the economy restarting.
