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Welcome to Economist Intelligence Unit (EIU)
The Economist Intelligence Unit provides a constant flow of analysis and forecasts on more than 200 countries and eight key industries. We help executives make informed business decisions through dependable intelligence delivered online.
EIU Italy
Romano Prodi's left-of-centre Unione government is fragile and unstable. The Economist Intelligence Unit expects a change of government or an early election by 2009. Under current conditions an election would be won by Silvio Berlusconi's right-of-centre Casa delle Liberta. However, without electoral reform and a major change in the two main coalitions another unstable government is likely. The fiscal deficit is forecast to fall from 4.4% of GDP in 2006 to 2.4% in 2007, but will edge up towards the Stability and Growth Pact's ceiling of 3% in 2008 and 2009, as the government struggles to curb spending and cuts taxes again. GDP growth is forecast to slow from an estimated 1.7% in 2007 to 1.4% in 2008 before picking up slightly in 2009. Inflation will ease slightly from 2.2% in 2006 to about 2% in 2007-09. |
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| Key Reports Available for Italy |
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| Total area | | 301,333 sq km (2000 estimate), of which 38% arable and permanent crop, 15% pasture, 21% forests (1999) | | Population | | 58.1m (US Census Bureau; end-2007) | | Main towns | | Population in '000s (January 1st 2006) | | Rome (capital; Roma): 2,547 | | Milan (Milano): 1,308 | | Naples (Napoli): 984 | | Turin (Torino): 901 | | Palermo: 671 | | Genoa (Genova): 620 | | Climate | | Mediterranean | | Weather in Rome (altitude 17 metres) | | Hottest month, July, 20-30°C (average daily minimum and maximum); coldest month, January, 4-10°C; wettest month, November, 129 mm average rainfall; driest month, July, 15 mm average rainfall | | Language | | Italian. German is a minority language in Trentino-Alto Adige, French in Valle d'Aosta and Slovenian in Friuli-Venezia Giulia. There are many regional dialects | | Measures | | Metric system | | Currency | | The euro (€). Average exchange rate in 2007: US$1.369:€1 | | Exchange rate on September 16th 2008: US$1.427:€1 | | Fiscal year | | Calendar year | | Time | | 1 hour ahead of GMT in winter, 2 hours ahead in summer | | Public holidays | | January 1st and 6th; Easter Monday; April 25th; May 1st; June 2nd; August 15th; November 1st; December 8th, 25th and 26th | | SOURCE: Country Profile |
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