Italy's recovery to start in late 2013: central bank
- Published: 16 Dec 2012 at 21.46
- Online news: World
Italy's economic recovery is likely to begin in the third or fourth quarter of 2013, the central bank governor said on Sunday, urging any new government to continue reforms and cut red tape for businesses.
A lottery tickets streetseller walks in downtown Rome on December 14, 2012. Italy's economic recovery is likely to begin in the third or fourth quarter of 2013, the central bank governor has said, urging any new government to continue reforms and cut red tape for businesses.
"Our analyses suggest that there is a higher than 50 percent probability that the turnaround will come in the third or fourth quarter of 2013," Bank of Italy chief Ignazio Visco said in an interview with La Stampa daily.
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