Search results
Results From The WOW.Com Content Network
Italy is the world's seventh-largest manufacturing country, [39] characterised by a smaller number of global multinational corporations than other economies of comparable size and many dynamic small and medium-sized enterprises, notoriously clustered in several industrial districts, which are the backbone of the Italian economy. Italy is a ...
Italy first felt the economic changes which led to the commercial revolution: Venice was able to sack Byzantine's capital and finance Marco Polo's voyages to Asia; the first universities were formed in Italian cities, and scholars such as Aquinas obtained international fame; capitalism and banking families emerged in Florence, where Dante and ...
Italy will probably balance its primary budget this year, excluding interest payments on government debt, the economy minister said on Friday, as Rome prepares a medium-term fiscal plan for ...
In 2016, southern Italy's GDP and economy was growing twice as much as northern Italy's. [53] According to Eurostat figures published in 2019, southern Italy is the European area with the lowest percentages of employment: in Apulia, Sicily, Campania and Calabria, less than 50% of the people aged between 20 and 64 had a job in 2018. That is ...
In a way, that means Italy’s government has more income streams to lighten its debt burden of 135% of GDP last year. At the same time, poverty has also been ticking up, leaving the lowest ...
Tough choices ahead for Rome
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%.