Luigi Speranza
Luigi Speranza
across extended internal linked recovery signals signs
The signals for a recovery are multiplying. It's extended from manufacturing to services, which is more linked to internal demand, so the signs are now across the board.
houses possible scenario worst
Different majorities in the two houses would be the worst possible scenario for the markets.
chamber looks possible scenario senate worst
Different majorities in the Senate and the Chamber of Deputies, as now looks possible, would be the worst possible scenario for markets.
companies gathers greater growth increases lost oil past pricing shocks
As growth gathers momentum, companies are regaining some of their lost pricing power. This increases the probability of greater pass-through of past oil shocks to non-energy prices.
disappear energy last prices rises sharp theme
This will be a recurrent theme in 2006, as last year's sharp rises in energy prices disappear from the year-on-year comparison.
complex inherit serious situation successor whoever
Whoever the successor is, he will inherit a complex situation and serious credibility problem.
rather recovery sign temporary
We look at this as a temporary blip rather than a sign the recovery is fading.
rather recovery sign temporary
We look at this a temporary blip rather than a sign the recovery is fading.