In 2009, when the economic crisis had already begun, trevisobellunosystem.com published two articles of local interest on this theme.
The former focused on the effects of the incipient crisis on corporate financial statements (both on profit and loss statements and on balance sheets), while the latter made a few suggestions on how SMEs could ride out the crisis both on the short term through market promotion and on the medium-long term by strengthening their competitiveness.
Actually, recovery began – though not satisfactory – in 2010. Besides, not all the sectors were affected by renewed dynamism, and on the other hand, unemployment is likely to cause social and economic troubles.
All things considered within this unstable situation, we are now getting back to those issues in an attempt to update comments on the crisis and go into the possible solutions.
This first article will deal with the evolution of the ongoing crisis.
First, domestic market was less affected by the crisis than in other countries: in Italy, wealth produced in previous years and low debt levels contributed to preventing consumption from falling more.
Consequently, companies operating in the domestic market did not show negative trends in the beginning, but they are in a risky position now since demand, despite having decreased just a little, is, however, unable to rise again and it keeps falling due to...
English translation by trevisobellunosystem.com m.b.