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Germany, Europe's largest economy, has been mired in an economic crisis, and France's economy has stagnated too. Both countries are also locked in political upheavals that stand to slow any responses.
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 ...
The economy of Italy is a highly developed social market economy. [31] It is the third-largest national economy in the European Union, the 8th-largest economy in the world by nominal GDP, and the 11th-largest by PPP-adjusted GDP. The country has the second-largest manufacturing industry in Europe, which is also the 7th-largest in the world.
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 2010. Italy was mostly isolated from the effects of the Great Recession of 2008–2009 as their banking system did not engage in risky investment behavior and was sound.
The economy of Europe comprises about 748 million people in 50 countries. Throughout this article "Europe" and derivatives of the word are taken to include selected states whose territory is only partly in Europe, such as Turkey, Azerbaijan and Georgia, and states that are geographically in Asia, bordering Europe and culturally adherent to the continent, such as Armenia and Cyprus.
The euro area economy risks falling into recession later this year after official data Tuesday showed that output shrank in the third quarter. Europe’s economy risks a recession after output ...
With 62 companies that are part of the the world's biggest 2000 companies, France was again in 2023 the most represented in the European Union in the 2023 Forbes Global 2000, ahead of Germany (50 companies) and Italy (28). [49] [50] The European Union economy consists of an internal market of mixed economies based on free market and advanced ...
Italy, the only G7 country to join China’s flagship Belt and Road Initiative, will leave the global infrastructure program when its contract expires next year - the latest sign of hardening ...