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2007 Italy Economy to achieve 1.5% growth, slightly lower than the government submitted to the EU early next year to 1.9% of the schedule, also lagged behind other major Western industrial countries, but overall still maintained the trend of slow growth in recent years, especially in the lower deficit achieved good results, reaching the government's expectations. Italy is in the current period of economic weakness, Prodi Government has to control the budget deficit, reduce public debt, but also to promote market liberalization and other reforms, in the U.S. subprime mortgage crisis led to U.S. economic growth slowdown, the euro continued to rise against the dollar and people begin to large oil price environment, the Italian being able to achieve in the home and less abroad This result is indeed not easy, reasonable. 1, the overall economy continued to show a trend of slow growth 2007 the Italian gross domestic product (GDP) 12849.19 million euros (in 2000 reference prices), relative growth rate in 2006 was 1.5% over the previous year's 1.9% growth rate is slightly lower. Since the last century, since the late 90's, Italy's economic slowdown, has been hovering at a low ebb. 2007, and other major Western countries, GDP growth rate of euro-zone situation is: England 2.9%, Germany 2.5%, U.S. 2.2%, Japan 2.1%, France 1.9%. 2007 the Italian trade in goods and services into the Export There are high growth, respectively 4.4% and 5.0%. 1.4% growth in domestic consumption depends on the growth of household consumption (1.4%). Italian investment in fixed assets in 2007 increased by 1.2%, mainly due to increased investment in the construction industry by 2.2%, and transport and investment in intangible assets increased by 0.8%, 2.6%, on the field of machinery and equipment investment fell 0.3%. As in previous years, in 2007 the Italian economic growth was mainly driven by domestic consumption growth, the contribution to the GDP growth of 1.1%, which boost GDP growth in household consumption by 0.8%, public administration and private sector expenditure was 0.3% contribution rate. In addition, the fixed asset investment growth to GDP growth by 0.3%, exports of goods and services was higher than import growth, foreign demand contribution to GDP growth of 0.1%. By industry, the Italian GDP growth rates were pulling: Industrial 0.8%, construction 1.6%, services 1.8%. Agriculture Fisheries is zero. Second, the fiscal deficit and public debt situation has improved 2007 in Italy's deficit was 29.179 billion euros, representing a decrease of 20,400,000,000, the fiscal deficit-GDP ratio also declined from last year's 3.4% to 1.9% to 3% limit under the EU standards is nearly 6-year low point. As of the end of 2007, the Italian public debt was 1.5967 trillion euros, the annual GDP of 104%, also higher than the 106.5% in 2006 down by 2.5 percentage points. Improve the financial situation was mainly due to the current year revenue rose 6.6%, while the various expenditure grew by only 4.5%. Third, stagnation of industrial production 2007 the Italian industrial production rose 0.4%, but if the actual number of days to consider the factors year, the index was -0.2%, mainly due to production of consumer goods fell by 0.8%, semi-finished goods production fell 0.7%; and Production of capital goods increased by 0.9%, energy production also increased by 0.2%. From the industry perspective, in 2007 a significant reduction in output growth mainly rubber and plastics (+3.4%), petroleum refining (+3.3%), clothing textiles (+3.2%). Decreased notably Leather And system Shoes (-7.4%), Precision mechanical and electrical equipment (-6.1%), wood and wood products (-2.7%). Apparel textile industry in which a turnaround in 2006 after two consecutive years to maintain good growth momentum. 1-4 quarter last year, industrial output relative actual working days in accordance with its revised growth rates were +1.0% +0.6% +1.0% -3.4%. It is noteworthy that in the fourth quarter of industrial production decreased greatly, mainly the sharp rise in oil prices led to rising production costs and the strength of the euro led to the decrease in exports. We are high quality suppliers, our products such as gravity die casting , lost wax moulding for oversee buyer. To know more, please visits gravity die casting.
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