ROME Wholesale Minnesota Timberwolves Hats , Dec. 9 (Xinhua) -- As Christmas, the most popular feast day in Italy on Dec. 25, gets close, household spending continues the record drops in the crisis-plagued country.
According to a recent report by consumer group Codacons Wholesale Milwaukee Bucks Hats , Christmas spending since before the outbreak of the global economic crisis has fallen by as much as roughly 45.5 percent in Italy.
In 2007, Italians during the month of December spent around 18 billion euros (22 billion U.S. dollars) on food, leisure activities and presents. This December they are expected to spend less than 10 billion euros, Codacons said.
A tax reduction plan which gave low wage earners an average of 80 euros a month started earlier this year by the government of Prime Minister Matteo Renzi has not encouraged Christmas shopping Wholesale Miami Heat Hats , Codacons head Carlo Rienzi said commenting on the report.
"Italians will cut 2014 Christmas spending by an additional 5 percent compared to last year, by saving money especially on clothing, footwear, travel and home furnishings Wholesale Memphis Grizzlies Hats ," Rienzi said in a statement.
Nearly 12 million Italians will buy low-cost presents at the many street markets which are typical of Italian cities during the Christmas period, Italy's largest farm association Coldiretti said in another study released on Tuesday.
Each family was estimated by Coldiretti to have a budget for Christmas presents of around 200 euros, some 20 percent below the European average.
A research released by Censis think tank at the end of last week highlighted that the economic crisis has spread a deep sense of "vulnerability" among Italian families.
The research found that many households have confronted the crisis by adopting a "zero consumption" lifestyle, while seeing cash as a necessary protection.
Between 2007 and 2013 Wholesale Los Angeles Lakers Hats , all categories of Italian family financial assets recorded drops, except cash and bank deposits, which increased in real terms by 4.9 percent, Censis said.
Renzi's center-left government is struggling to pull out Italy from persisting economic stagnancy especially by combatting unemployment and stimulating investment.
Italy's national statistics institute Istat has revised down the country's accumulated gross domestic product (GDP) growth for so far in 2014 to down 0.4 percent Wholesale Los Angeles Clippers Hats , compared to its previous estimate of down 0.3 percent. (1 euro = 1.23 U.S. dollars)
Delhi, the capital of India is one of the desired places of living. The rate of immigration has increased a lot in Delhi. What is the reason behind it? Obviously facilities and opportunities related to Job & education.
Nowadays foreign investments have been done in big cities of India. Reason behind is that India is fifth largest Economy in the world and is a potential market.
Government is also making efforts in liberalizing guidelines & norms and being generous for investment through FDI. Delhi is also becoming a source of attraction for builders, property dealers, MNC’s with respect to Real estate.
Now that multinationals has started opening offices in metropolitan cities to attract good quality candidates from good colleges Wholesale Indiana Pacers Hats , institutes situated in big cities of India, real estate is also spreading its feet in Delhi. Every big brand has its presence today in Delhi.
Many reasons are behind that .Some of the reasons are being enumerated as below:
• Connectivity with the help of Metro rail.
• Well connected roads and highways.
• Advance medical facilties.
• Great job opportunities
• Good infrastructure
Now for instance Vasant vihar in New Delhi. It was formed in 1960 by Indian Govt. It was an amalgam of villages. Later on it was sold to some very rich class people nd see the difference today. It has become a posh colony in South Delhi today. It is one of the most expensive areas in ASIA.
Same is the case with Trans Yamuna region. It has changed tremendously in last two three years. Akshardham Temple on the bank of the Yamuna river is a very beautiful temple situated their and is a pride of the region. New multiplexes, malls , tertainment hubs have been opened there due to the improvising lifestyle of the people and emergence of urban culture.
Have a look on Dilshad garden in East Delhi. Although the area was lacking some facilities but now it has transformed in to a civilized residential area. Nehru place is a hub for IT services. Most buildings are built with four floors and underground parking’s.
Real estate has seen an upward movement here in Malviya Nagar after 2007.It can be accessed from all parts of Delhi. Compare the rates of commercial OR residential roperties now. Rates have skyrocketed in these areas. Even for NRI’s traditional favorite has always been Real Estate.
People run after good living nowadays. Property dealers are taking advantage of this desire of people. They appear to be giving lots of attention for that. Besides constructing offices and residential apartments Wholesale Houston Rockets Hats , they are also focused on providing facilities like Shopping malls, schools and hospitals.
The service sector accounted for about 70% of the demand for commercial office space in seven major Indian cities and Delhi is one of them.
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