×
476
Fashion Jobs
ADIDAS
Specialist - Finance Operations - fp&a
Permanent · CHENNAI
ADIDAS
Senior Manager - Procurement Operations
Permanent · CHENNAI
MOLEDRO
Operation Manager
Permanent · NEW DELHI
MOLEDRO
HR &Admin
Permanent · NEW DELHI
MOLEDRO
Brand Manager
Permanent · NEW DELHI
MOLEDRO
sr Fashion Designer / Production Manager
Permanent · NEW DELHI
ADIDAS
Manager Information Security
Permanent · GURUGRAM
ADIDAS
sr. Manager Sales Excellence
Permanent · GURUGRAM
CL GUPTA RETAIL PRIVATE LIMITED
Production Manager Cum Quality Control Manager
Permanent · Noida
UGRAYA FOODS
Production Manager || Agartala (Tripura) || Poultry Feed Industry
Permanent · Agartala
GOVIND KRIPA INFRATECH PVT. LTD.
HR/Telecalling/Sales Manager/Sales Executives/Asst. Sales Manager
Permanent · Jaipur
JUMBO BAGS
Manager- Production (Fibc / Woven Polypropylene Industry)
Permanent · Chennai
ADIDAS
Manager, Masterdata And Product Launch (.Com & Digital Partners), Apac
Permanent · GURUGRAM
ADIDAS
Manager, Digital Backend Operations, Apac
Permanent · GURUGRAM
THE HOUSE OF DEEPTHI LIMITED
Production Manager
Permanent · MUMBAI
MANPOWERGROUP SERVICES INDIA PRIVATE LIMITED
Hiring-Field Sales Manager
Permanent · Chennai
YUTIKA NATURAL
Area Sales Manager (Guwahati)
Permanent · Katihar
LENSKART
Area Operations Manager
Permanent · Chennai
ELECTRONICA FINANCE
Area Sales Manager - Mumbai- Vasai
Permanent · Mumbai
ADIDAS
Manager Learning & Development & Knowledge Management (M/F/D)
Permanent · CHENNAI
D.LIGHT
Hiring For Area Sales Manager | Bihar | d.Light Energy
Permanent · Patna
CHOLAMANDALAM INVESTMENT AND FINANCE COMPANY LIMITED
Loan Against Securities - Area Sales Manager
Permanent · Chennai
By
Fibre2Fashion
Published
Oct 4, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Italian economy performs remarkably well in H1 2022

By
Fibre2Fashion
Published
Oct 4, 2022

Despite global geopolitical tensions and extraordinary rises in energy prices, the Italian economy performed remarkably well in the first half this year, according to the country’s ministry of economics and finance, which recently said rise in inflation and interest rates, lingering geopolitical risks and the global economic slowdown point to a moderate downturn in the cycle in the second half.



A robust 1.1% quarter-on-quarter increase in gross domestic product in the second quarter has led to a growth forecast for 2022 at 3.5%, which is higher than the forecast  of 3.1% made by the treasury's annual economic and financial document.

GDP is expected to grow in 2023 as well, at 0.6%, albeit less than the DEF forecast of 2.4%.

As a result of the macroeconomic implications of the Russian-Ukrainian conflict, export growth, while significant (2.5% QoQ; 12.3% year on year), was lower than import growth, with net foreign demand contributing negatively to GDP growth.

While exports of services accelerated, exports of goods slowed down due to rising costs and prices.
The second half of the year points to a deceleration in activity, which is part of an overall weakening of global and European cyclical indicators impacted by the uncertainty surrounding the war in Ukraine and trends in the price of natural gas, MEF said in a note.

In this context, industrial production, after the contractions of May and June, recorded a surprising rebound in July (0.4% MoM), which was accompanied by a new drop in construction production, the value of which, however, remained at historically high levels.

Significant growth was witnessed in retail sales volume. After rising in the spring months, the confidence of Italian companies fell again in July and August.

Inflationary pressures remained high and persistent. Although the persistence of higher energy commodity prices could lead to a more sustained increase in core inflation, given current energy futures prices, the inflation rate is expected to start falling by year-end.

The surge in energy prices has also affected the trade balance. After years of high surpluses, the current account balance has moved into deficit in recent months, although the performance of the non-energy trade balance has remained positive overall, MEF added.

Copyright © 2022 Fibre2Fashion. All rights reserved.

Tags :
Industry