Place Credit Reports Italy Order
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Economy Overview:
Italy has a diversified industrial economy with roughly the same total
and per capita output as France and the UK. This capitalistic economy
remains divided into a developed industrial north, dominated by private
companies, and a less-developed, welfare-dependent, agricultural south,
with 20% unemployment. Most raw materials needed by industry and more
than 75% of energy requirements are imported. Over the past decade,
Italy has pursued a tight fiscal policy in order to meet the
requirements of the Economic and Monetary Unions and has benefited from
lower interest and inflation rates. The current government has enacted
numerous short-term reforms aimed at improving competitiveness and
long-term growth. Italy has moved slowly, however, on implementing
needed structural reforms, such as lightening the high tax burden and
overhauling Italy's rigid labor market and over-generous pension system,
because of the current economic slowdown and opposition from labor
unions. But the leadership faces a severe economic constraint: the
budget deficit has breached the 3% EU ceiling. The economy experienced
almost no growth in 2005, and unemployment remained at a high level.
GCS and Graydon International
Graydon International is a leading provider of business credit information around the world. Their business credit reports are easily read in English and consist of reliable and up to date details like identification and official company specifications, credit recommendations, known directors, protest and non-payments, operational details and financial data (profit and loss, balance and key credit ratios).
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