The global financial crisis knew would bring serious consequences, especially for many countries that already had fractures in their economy, that an earthquake was enough to give what is recently facing Italy in my last recent trip to that country is could perceive the crisis that the country is already facing, unemployment, low occupation of a labor force that favors him. Unemployment already manifested. Therefore not surprising, as he points out,, the Institute of statistics (ISTAT) announced recently, that Italy has officially entered the dreaded recession, which requires two quarters of contraction in the economy. In the third (July-September), gross domestic product fell 0.5%, which adds to the low of 0.4 per cent for the quarter April-June. The statistical picture looks dusty, delayed: things are much worse and knows everyone, which is prepared for a terrible 2009. Italy thus joined the Group of most industrialized nations of the planet, than It integrates into the so-called G-7 along with us.USA, Germany, France, Britain, Japan and Canada, whose central bank announced yesterday that two consecutive quarters by the economy of that country has not grown. The group represents 55% of world production. If to this be added other countries having negative growth, 66% of the world economy is in recession.

Russia, an external partner of the G-7, is the only nation in that group not entered into a recessionary cycle. Of the four largest economies in the world – United States, Japan, China and Germany, – in that order, only the Chinese giant has not entered still in the negative phase. Analysts argue that the recession will last for then give rise to a period of economic depression. In a broadcast statement, Istat confirmed the estimate of evolution of the economy announced on November 14 for the third quarter of 2008: a decline of 0.9% in interannual terms and of 0.5% of GDP compared to the second quarter of 2008.

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