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The Fiat 500, launched in 1957, is considered a symbol of Italy's postwar economic miracle. [44] The Italian economy has had very variable growth. In the 1950s and early 1960s, the Italian economy was booming, with record high growth rates, including 6.4% in 1959, 5.8% in 1960, 6.8% in 1961, and 6.1% in 1962.
The European debt crisis, often also referred to as the eurozone crisis or the European sovereign debt crisis, was a multi-year debt crisis that took place in the European Union (EU) from 2009 until the mid to late 2010s. Several eurozone member states (Greece, Portugal, Ireland and Cyprus) were unable to repay or refinance their government ...
The economy of Italy is a highly developed social market economy. [30] It is the third-largest national economy in the European Union, the second-largest manufacturing industry in Europe (7th-largest in the world), [31] the 9th-largest economy in the world by nominal GDP, and the 12th-largest by GDP (PPP). Italy is a developed country with a ...
The economy of Fascist Italy refers to the economy in the Kingdom of Italy under Fascism between 1922 and 1943. Italy had emerged from World War I in a poor and weakened condition and, after the war, suffered inflation, massive debts and an extended depression. By 1920, the economy was in a massive convulsion, with mass unemployment, food ...
Analysts have predicted Italy had entered a recession in the second quarter or would enter one by the end of the year with business confidence at its lowest levels since the 11 September attacks. [28] Italy's economy contracted by 0.3 percent in the second quarter of 2008. [29] The unemployment rate rose from 5.7% in April 2007 to 8.6% in April ...
The 2022 Italian government crisis was a political event in Italy that began on 14 July. [1] [2] [3] It includes the events that followed the announcement of Giuseppe Conte, leader of the Five Star Movement (M5S) and former Prime Minister of Italy, that the M5S would withdraw its support to the national unity government of Mario Draghi over a bill regarding an economic stimulus to combat the ...
Downtown Milan in the 1960s. The Italian economic miracle or Italian economic boom (Italian: il miracolo economico italiano or il boom economico italiano) is the term used by historians, economists, and the mass media [1] to designate the prolonged period of strong economic growth in Italy after World War II to the late 1960s, and in particular the years from 1958 to 1963. [2]
PIGS is a derogatory acronym that has been used to designate the economies of the Southern European countries of Portugal, Italy, Greece, and Spain. [1][2][3][4][5] During the European debt crisis of 2009–14 the variant PIIGS, or GIPSI, was coined to include Ireland. At the time these five EU member states were struggling to refinance their ...