Italy's Economy Is on the Verge of Complete Recession, But the Market for Oil Additives Will Be Reborn

The country's economy is accelerating into a contraction. In the fourth quarter of 2019, Italy's gross domestic product (GDP) fell by 0.2% month-on-month and fell for the second quarter in a row. It entered a technical recession and became the first EU economy to enter a recession since 2013.
I believe many people will find that Italy's economic situation seems to be familiar as if it was Greece that triggered the European debt crisis. However, compared with Greece, Italy's financial strength is significantly more durable. Italy is not only one of the seven largest industrial nations in the West, but also the fourth-largest economy in Europe and the ninth-largest economy in the world. Theoretically, Italy's ability to resist the recession and debt repayment risk should be strong, so why is Italy stuck in today's predicament?
This result may be related to the organization of Italian companies. Small and medium-sized enterprises in Italy are very developed, accounting for more than 99.8% of the total number of enterprises, and most of the operating models of enterprises are based on the family. According to the European Commission's SME Tracking Report, 95% of Italian companies have fewer than ten employees.

Due to the small scale and family-style management, Italian companies have insufficient management and management, which is difficult to compare with large foreign mature companies. In the same industry, larger companies often invest more in research and development innovation, manufacturing, modernization, and upgrades, can take advantage of economies of scale, and the overall production efficiency is much higher than Italian companies.
With the development of economic globalization and the continuous advancement of science and technology, more and more countries have moved to industrial modernization and scale. They have brought a lot of competitive pressure to many industries with low technical barriers in Italy. Faced with such sparse economic data, as an industrial aftermarket, the market for oil additives is also in an awkward position.
With a bright idea in Italy, it turned its attention to China, which is expanding foreign investment and opening up. Through cooperation with China, the Italian economy will usher in new growth opportunities. Whether Italy can take advantage of this critical opportunity to achieve a rebirth of the economy, we will wait and see.
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