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The problems included an increasingly high inflation rate, high energy prices (Italy is highly dependent on foreign oil and natural gas resources). This economic recession went on into the early-1980s until a reduction of public costs and spendings, tighter budgets and deficits, a steady economic growth, and a lowered inflation rate resulted in ...
The economy of Italy is a highly developed social market economy. [31] It is the third-largest national economy in the European Union , the second-largest manufacturing industry in Europe (7th-largest in the world), [ 32 ] the 9th-largest economy in the world by nominal GDP , and the 11th-largest by PPP-adjusted GDP .
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 ...
When outgoing Prime Minister Mario Draghi took office 19 months ago Italian inflation was running at 1%. By the time his probable successor Giorgia Meloni takes charge it may have hit double ...
ROME (Reuters) -Italy's economy performed unexpectedly well in the third quarter, data showed on Monday, offering a welcome boost for the country's new government as it plans extra borrowing to ...
ROME (Reuters) -Italy approved on Thursday a new aid package worth around 17 billion euros ($17.4 billion) to help shield firms and families from surging energy costs and rising consumer prices.
Trend of monthly inflation rate in Italy, from 1962 to February 2022. In macroeconomics, a wage-price spiral (also called a wage/price spiral or price/wage spiral) is a proposed explanation for inflation, in which wage increases cause price increases which in turn cause wage increases, in a positive feedback loop. [1]
Tension had been rising since the final years of the war, and some contemporary observers considered Italy to be on the brink of a revolution by the end of 1918. [ 2 ] The population was confronted with rising inflation and a significant increase in the price of basic goods, in a period when extensive unemployment was aggravated by mass ...