Italy's economy will shrink 2.0% in 2009

According to today news: Italy fell into a technical recession in the third quarter of 2008, but the economy is expected to rebound modestly, growing by 0.3%. But what does will this mean for the property market in Italy? According to WSJ.com"read article here: The European Commission Monday said it expects Italy's economy to shrink 2.0% in 2009 as the nation's ongoing recession deepens and the global slowdown continues to hit demand in the euro zone's third-largest economy.