Italian Stocks Trading at Historic Discount on Growth Worries
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Italian stocks trading at 50% discount to global peers, deepest gap since 1988 due to growth and fiscal concerns.
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Domestically focused companies like consumers and industrials hurt by aging population, high debt and weak growth.
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Italy's funding complicated by difficulties meeting EU recovery fund conditions amid high energy prices.
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Smaller Italian stocks hit by outflows after end of scheme promoting investment in small caps.
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Some stocks like banks and cheap small caps offer value despite economic risks, according to investors.