There is talk of recession when the gross domestic product (GDP) declines for two consecutive quarters. Fortunately, in recent years, the phases of recession in the West are rare and "fast".

In Italy last fall's annual GDP was 15 years ago ie in 1993 with -0.9% in 2003 and 2005 growth is stopped at 0.

The economic downturn is not just fall in production, but leads to a reduction in consumption and investment. If continued over time and can also cause a decrease in jobs and a general crisis of the entire economy. Symptom of the recession may be the decrease in interest rates following the reduction in demand for credit by firms.

A year after the outbreak of the crisis of subprime mututi, those at high risk, the American investment bank Goldman Sachs sees prospects for the global economy just hopeful.

According to the U.S. bank a large number of countries, amounting to half of the world economy, particularly the U.S., Japan, Euroland and the UK are in recession or risk significant recession in the months to come, "as he writes London economist Binit Patel as the agency Bloomberg reported.

According to Patel, the probability of a global recession, however, does not exceed 20%, given that China should continue to run at a rate of about 10% this year and the next. "The continuous expansion and robust, although the slowdown, China and other emerging countries - according to Goldman economist - will lead the global growth to 3.9% this year and 3.6% next.

Sharp rebound in oil prices. The price of the derivative on gold black reached the level of $ 122.02 a barrel, the highest of the last two weeks and a half on intraday basis. To contribute to rising prices, the trader explained, the tensions between Russia and the Western community, but especially bets by hedge funds that the fund price may have been reached last Friday at $ 111.34 a barrel .

In the first six months of 2008 the consumer price of diesel cars rose by 31.1% and that of gasoline by 12.5 percent. Lo rende noto l'Unione Petrolifera.

There is talk of recession when the Gross Domestic Product (GDP) decreased by at least two consecutive quarters. Fortunately, in recent years, the phases of recession in the West are rare and "fast". In Italy, the last annual decline in GDP was in 1993 (-0.9%) while in 2003 and 2005 the growth was stopped at "zero." The economic downturn is not just fall in production, but leads to a reduction in consumption and investment. If prolonged period may cause a decrease in jobs and a general crisis of the entire economy. Symptom of the recession may be the decrease in interest rates following the reduction in demand for credit by firms.

The excess oil to a record level of $ 126 a barrel in New York touching a new record of 126.20 and now marks +1.56% to $ 125.46 a barrel. In London, meanwhile, the brent earns 2.36% at $ 125.74 a barrel after reaching a new absolute top $ 125.90. The Opec would consider increasing production of crude oil, before the summit scheduled for September, if oil prices were to rise. It relates a source of OPEC's view that, in the case, "it will be necessary to generate more than 500 thousand barrels per day to have an impact on prices."

According to a note of Confesercenti "If the pace of price increases of oil not, at the end of the year the price of crude oil per barrel is likely to exceed the threshold of $ 200, an increase of 190% compared to 2007."

For the federal government, such a surge would "decrease in GDP that would increase the risk of zero growth. Not to mention the impact on 'that inflation would reach 1%. "

What possible measures to be taken? "The government is acting primarily on the excise." The first declarations of the ministers "captures the intent of moving towards a mix of energy sources, alternative, nuclear, oil."

Return to Nuclear accelerated in stages. " It 'one of the priorities for the Italian energy system specified by the Minister of Economic Development, Scajola, according to which Italy is suffering from high energy costs and a predominant reliance on oil and gas. "If in this country in a short time we do an energy functional in twenty years you turn off the dice-luce.Paghiamo-energy 30% more than the European average, we depend entirely from oil and gas."

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