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10 April 2020 The on-line newspaper devoted to the world of transports 20:28 GMT+2

March 6, 2020

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Original news
The effects of Covid-19 on the Italian economy and international are potentially very serious

Published the sixteenth quarter-since of information Center for Economic Studies

The Study Centre of the Italian Federation of Shippers Fedespedi published the 16th quarter-year information "Fedespedi - Economic Outlook" the great uncertainty that characterizes the current economic phase, with the impact of the Covid-19 outbreak that has been added to the previous concerns, mainly related to policies protectionist trade and tensions in the Middle East.

With regard to the spread of coronavirus, the Centre for Fedespedi points out that its effects on the Italian economy and international ones are potentially very serious at present it is very difficult to make predictions even in the short term Term. It will all depend - explains the Study Centre - the extent of the epidemic globally, its duration over time, the possibility that the moment of crisis depletes, or at least sticks to, within a few months. In otherwise, a phase of economic recession, the duration of which is linked to the same Factors.

The report explains that, as for 2019, the year italy's GDP growth of 0.2%, a situation of substantial immobility linked mainly weakness in industrial production last year down -1.3% compared to 2018. Production Italian manufacturing is significantly affected by the sharp decline in industrial production in Germany, down by -1% in 2019 down -2.5% in December.

A positive note comes from foreign trade, which confirms the engine of the Italian economy. In fact, despite the uncertainties Italian exports during the period January-November 2019 marked a growth of 3.8%, a sharp increase in the trade balance from 33.4 to 47.7 billions of euros. The best results were achieved North America (up 14.0%) EU28 (up 7.3%). In decisive exports to the countries of the Far East also grow 5.5%).

In 2019, Italian ports have been busy 10.63 million teu, an increase of 1.8% year-on-year. Excellent results from some ports Naples (up 20.8%), Livorno (up 19.4%) Trieste (8.8%). Good results of some smaller ports such as Ancona (10.8%) And Civitavecchia (3.8%). The port of Genoa, despite the notes has faced difficulties - notes the report Fedespedi - has nevertheless achieved a growth, albeit modest, of the 0.2%. To be noted, on the one hand the resumption of traffic in the port Gioia Tauro (up 8.4%), which is likely to be the result of the new container terminal owners, on the other hand, the Cagliari port crisis (-55.1%) after the release of Contship as terminal operator and the abandonment of the touch by Hapag Lloyd.

The main ports of the Mediterranean have moved 30.7 million teu in total, an increase of 11.5% 2018. Highlights include Tangier's strong growths (38.2%) and the Pires (28.1%), which has become the largest port in the Mediterranean. For Northern Range ports have increased 2.5%.

As for the Italian air cargo, the report of the Study Center highlights that 2019 has been a difficult year that has down -3.2%, with peaks of -7.3% in Bologna, 6.0% in Venice and -5.5% in Rome FCO. Milan MXP, the Italy's largest airport, showed a decrease of -2.5%. In contrast, some smaller airports such as Brescia (up 29.1%), Pisa (11.2%) Taranto (11.0%).

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