Italian economy boosted by strong wine sales
The Italian economy has received a timely boost with the news that the country's winemakers are on course to become the world's top producers of wine. According to Coldiretti, the representative body of Italian farmers, 4.7 billion litres of wine will have been produced by the end of the year, which is an eight per cent increase on last year's levels. With France, the world leaders last year, seeing production fall by five per cent in the last 12 months, Italy is expected to seize the top spot. This will be good news for Italy's economy and it may serve to entice more property investors to expand their portfolios in the Mediterranean country.
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