Crisis in Libya make Italy Economy Slow | Suhu Credit Card Tips Solution

Italy’s central bank governor Mario Draghi said the crisis in Libya may slow growth in Italy. Because of this crisis in Libya, Italy economic growth will trim the growth of his country.

“The events we are witnessing dramatic events are witnessing today could damage investment in the oil industry which led to rising energy prices, and the impact on the world economy,” Mario said as quoted by the AFP on Sunday (27/02/2011).

She added to Italy’s own economy, 20 per cent rise in oil prices will shave half a percent of growth for three years. “As many as 20 per cent rise in oil prices will shave half of our growth for three years,” he said.

He also said world oil prices increased sharply in recent days because of fears that continuing unrest in the region as a source of oil supply.

“Oil prices are rising sharply due to concerns that this occurred continuously since the unrest in the region and suppress supply,” he said.

This entry was posted on Monday, February 28th, 2011 at 10:45 am and is filed under finance news. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

via suhu.info