Over the past several years, investors have endured Grexit speculation, or talk about Greece departing the Eurozone. More recently, there was Brexit whereby Great Britain opted to leave the European Union. Not surprisingly, Brexit stirred talk about other countries that could be candidates to leave the EU or Eurozone.
Italy is a frequently given answer to those questions.
“Prime Minister Matteo Renzi’s beleaguered government is projecting GDP growth of just 1.6% this year for Italy, but the Organization for Economic Cooperation and Development is less sanguine,” reports TheStreet. “The OECD forecasts that Italy will generate 2016 growth of about 1% this year, 9% below the level Italy reached in 2008 immediately before the global financial crisis.”
For more news and strategy on the Italy ETF market, visit our Italy category.