Not exact matches
What has made Italy's
economic recovery so slow is a fractured political scene that's
so busy trying to reform itself, the economy appears to have been put on the backburner.
Moody's says that the country's current
economic recovery has already proven to be significantly
slower - and believes that it will likely remain
so - compared with the
recovery observed after previous recessions, such as those of the 1970s, early 1980s and early 1990s.
Because consumers relied
so heavily on debt to fuel their spending in recent years, their restricted access to credit is one reason for the
slow economic recovery.
There has been a growing amount of uncertainty in the real estate market over the last year or
so with rising home prices, higher mortgage interest rates and a
slower than hoped for
economic recovery.
Just as the
slow recovery in jobs has hindered many other
economic growth indicators,
so too has the jobs
recovery made real estate professionals wary of calling a bounce back in retail.