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Rome is a major EU and international financial, cultural, and business center. Rome's trade is 0.1% of world economic trade. With a 2005 GDP of €94.376 billion (US$121.5 billion), [1] the city produces 6.7% of the national GDP after Milan which provides 10%, and its unemployment rate, lowered from 11.1% to 6.5% between 2001 and 2005, is now one of the lowest rates of all the European Union ...
In the recent decades, however, Italy's economic growth has been particularly stagnant, with an average of 1.23% compared to an EU average of 2.28%. Previously, Italy's economy had accelerated from 0.7% growth in 1996 to 1.4% in 1999 and continued to rise to about 2.90% in 2000, which was closer to the EU projected growth rate of 3.10%.
The major suppliers for the city of Rome were the west coast of Italy, ... Quantifying the Roman Economy: Methods and Problems, Oxford Studies in the Roman Economy 1 ...
Poverty in Italy is generally caused by low income and precarious employment situations, rather than lack of a support network. [16] Certain aspects of Italy's poverty patterns trace their origins to the period of Italian unification in the latter half of the 19th century, significantly influencing pre-existing regional economic disparities, notably the north–south divide. [17]
On 15 October 2011 about 200,000 people [1] gathered in Rome, Italy to protest against economic inequality and the influence of the European Commission, the European Central Bank, the International Monetary Fund on politics and also against the government of Silvio Berlusconi.
A silver coin of Tiberius.. A financial and economic crisis occurred in 33 AD in the Roman Empire, during the reign of Emperor Tiberius.After a shift in government policy and a series of confiscations reduced the Roman money supply, the crisis was triggered by the invocation of an old law which resulted in the early recalls of loans given, a credit crunch, and a crash of real estate prices.
Italian authorities have issued an “extreme” health risk for 16 cities including Rome and Florence this weekend as a heat wave that is baking Europe threatens to bring record temperatures.
The economy was also crippled by the breakdown in trading networks and the debasement of the currency. Major cities and towns, including Rome itself, had not needed fortifications for many centuries, but now surrounded themselves with thick walls. [23] Fundamental problems with the empire still remained.