News from Great Emilia

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"the Kindom" is the most widespread newspaper and news site in Great Emilia. It reports international, national and local news about several arguments: politic, economy, sport etc.

 

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Secretary Lineti: invest and promote IT sector.
The Secretary of State for Business, Industry and Trade, Sandro Lineti MP, has spoken today about the future challenges of the country's economy, in front of several dozen of entrepreneurs and company executives during a convention in Bologna. According to the Secretary our economy is in good health, but to push economic growth and to boost the economy's competitivity the government has to promote new investments in the technological and digital sector. «Our economy is one of the most advanced.» he declared «But we can't remain immobile in the face of the great changes in progress. The government has to direct our development and it is of strategic importance to invest and to promote those sector wich have a great potential of growth, like the IT one.»
The Secretary's words arrive in a moment of slowdown of the GDP's growth, to wich they add disappointing inflation data. New public and private investments, with favorable politics, might relaunch the economic development, opening new opportunities for emilian and foreign companies. The IT sector, according to the experts, is one of the economic sectors with the higher potential but, in Great Emilia, it is underdeveloped yet. So, it is important to catch up before foreign companies take final control of the market by imposing their products.
The speech of Secretary Lineti, probably, is only the anticipation of a government intervention. From many weeks several companies invite the executive to act for the Emilia's competitivity in this "sector of the future" and the moment seems to come.

 

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Signs of crisis: from the increasing private debt to the orders drop.
Today the Statistical Institute of the Kingdom released first quarter economic data. From these it is clear a slowdown of the economic growth in Great Emilia, with some particularly negative parameters. Private debt is increasing and, in the same way, insolvency rates. This is the principle risk for banks and credit institutions that, in the last months, are reducing loans and other financial activities, due to the rising danger of an economic crisis enlarged to the whole continent. Moreover, there is also the possibility of low liquidity of big banks and companies, wich could involve significant risks in the event of a credit crisis, wich seems to be possible, but not immediate, in Nedernesia.
Because of bad economic news, both at home and abroad, a tumultuos opening of the stock exchange is expected tomorrow. It's recent news that the main industries of the country are witnessing a drop in orders and above all intimidates a foreign crisis considering the export propensity of the national industrial sector that, in the next months, will probably cause a drop in private investments.
All that is seen by analysts, who continuosly monitor the foreign situation, as a warning for a possible future economic crisis, wich is no longer seen as impossible but as "slightly probable" by several experts and institutions.