Although the recession in Italy shows clear signs of having bottomed out, the recovery remains fragile and at risk from a renewed bout of political instability. We estimate real GDP to contract by 1.5% in 2013, before returning to positive growth of just 0.3% and 0.7% in 2014 and 2015 respectively. The Italian freight sector appears to be making a steady recovery too, showing positive signs over the medium term, buffered by new developments in European trade links. Headline Industry Data ? Port of Genoa cargo volume set to rise by 0.3% to 54.534mn tonnes in 2013 (down fractionally from …
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