Italian economy shows weak signs of recovery
According to Bloomberg, Mr Claudio Scajola industry minister of Italy said that Italian economy is showing signs of recovery from the worst recession since second World War as exports have picked up though marginally.
According to Mr Scajola,the most recent trade figures indicate that the Italian economy is showing some signs of slight recovery. June trade figures show a modest recovery of exports of 1.5%
Italian exports to non EU countries grew 0.5% in May after shrinking 0.8% in April. With EU countries, exports rose by 0.4% in May as compared with a decline of 4.2% in April 2009.
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