Financial Times FT.com

Italy sees long road back from recession

By Guy Dinmore in Rome

Published: September 9 2009 22:15 | Last updated: September 9 2009 22:15

Italy’s economy is starting to emerge from its fourth and worst postwar recession but will take years to get back to pre-crisis levels with some sectors never fully recovering, Confindustria, the main business association, warned on Wednesday.

But presenting some good news for the embattled centre-right government led by Silvio Berlusconi, Confindustria’s research centre made a slight upward revision to its forecast for gross domestic product growth next year to 0.8 per cent, after a fall of 4.8 per cent in 2009. International institutions are predicting a growth rate of about 0.2 per cent for Italy in 2010.

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