The Local Italy https://feeds.thelocal.com/ Read the latest news and views from Italy in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Italy cuts growth forecast after disappointing first quarter Italy's GDP grew just 0.1 percent in the first quarter of this year, official figures showed on Friday, revising downwards an earlier forecast in bad news for the government as it locks horns with Brussels. https://www.thelocal.it/20190531/italy-gdp-growth-forecast-first-quarter Fri, 31 May 2019 14:37:42 +0200 italy-gdp-growth-forecast-first-quarter Rosier outlook for Italian economy as IMF ups forecast Italy’s economy received a small boost on Monday after the International Monetary Fund (IMF) upped its 2017 and 2018 growth forecast for the country. https://www.thelocal.it/20170724/rosier-outlook-for-italian-economy-as-imf-ups-forecast Mon, 24 Jul 2017 18:35:07 +0200 rosier-outlook-for-italian-economy-as-imf-ups-forecast Italy's illegal and underground economy accounts for 13 percent of GDP The 'non-observed' economy - comprising both underground and illegal activities - was worth €211 billion in 2014, accounting for 13 percent of the country's entire GDP. https://www.thelocal.it/20161014/underground-and-illegal-economy-accounts-for-13-percent-of-italys-gdp Fri, 14 Oct 2016 16:45:11 +0200 underground-and-illegal-economy-accounts-for-13-percent-of-italys-gdp Migrants nearly as valuable to Italian economy as Fiat A new study reveals that foreign workers in Italy contribute almost as much to the national economy as Fiat - Italy's biggest car manufacturer and one of the country's largest companies. https://www.thelocal.it/20161011/migrants-are-valuable-to-the-italian-economy-pensions-tax-social-security Tue, 11 Oct 2016 17:34:15 +0200 migrants-are-valuable-to-the-italian-economy-pensions-tax-social-security Slowdown gives Italy two trillion reasons to worry Italy's recovery from recession virtually stalled towards the end of 2015, complicating Italian efforts at debt reduction, worse-than-anticipated growth figures indicated on Friday. https://www.thelocal.it/20160212/italys-stalled-recovery-threatens-debt-plan Fri, 12 Feb 2016 12:23:21 +0100 italys-stalled-recovery-threatens-debt-plan Italian shopping boom fuels economic growth The Bank of Italy on Friday forecast the country's gross domestic product (GDP), enhanced by a rise in domestic demand, will expand by 1.5 percent in 2016 and 2017, in line with government estimates, after rising 0.8 percent in 2015. https://www.thelocal.it/20160116/italian-shopping-boom-boosting-economic-growth Sat, 16 Jan 2016 13:42:27 +0100 italian-shopping-boom-boosting-economic-growth 'Terror threat could harm Italy recovery': Padoan Italy's Economy Minister Pier Carlo Padoan said that Italy's predicted return to growth for 2015 could be harmed by the fallout of the recent Paris terror attacks. https://www.thelocal.it/20151130/terror-threat-could-harm-italy-recovery-padoan Mon, 30 Nov 2015 13:08:06 +0100 terror-threat-could-harm-italy-recovery-padoan Italy’s growth rate slows in the third quarter Italy’s GDP growth rate slowed in the third quarter, rising 0.2 percent on the second quarter as international trade weakened. https://www.thelocal.it/20151113/italys-growth-rate-slows-in-q3 Fri, 13 Nov 2015 16:14:20 +0100 italys-growth-rate-slows-in-q3 Italian recovery strong and continuous: Padoan Italian Finance Minister Pier Carlo Padoan has praised Italy's economic recovery after the OECD raised its growth forecast for the economy in 2016 and 2017. https://www.thelocal.it/20151109/italian-recovery-gathering-pace-oecd Mon, 09 Nov 2015 17:37:01 +0100 italian-recovery-gathering-pace-oecd Italy 'moving towards self-sustaining growth' The European Commission has revised Italy’s growth forecast upwards for 2015, saying on Thursday that the country is “moving towards more self-sustaining growth”. https://www.thelocal.it/20151105/italy-moving-towards-self-sustaining-growth Thu, 05 Nov 2015 16:43:47 +0100 italy-moving-towards-self-sustaining-growth Italy's economy grows slower than EU average The Italian economy grew by 0.2 percent in the second quarter of 2015, lower than the EU average, according to figures released by the national statistics agency, Istat. https://www.thelocal.it/20150814/italys-economy-grows-slower-than-eu-average Fri, 14 Aug 2015 14:17:07 +0200 italys-economy-grows-slower-than-eu-average Italy needs 20 years to tackle jobless rate: IMF The International Monetary Fund (IMF) has dampened the optimism over Italy’s recovery after saying it will take almost 20 years for the country to get its unemployment rate down to pre-crisis levels. https://www.thelocal.it/20150728/italy-needs-20-years-to-bring-jobless-rate-down-imf Tue, 28 Jul 2015 13:25:52 +0200 italy-needs-20-years-to-bring-jobless-rate-down-imf IMF raises Italy's 2015 growth forecast The International Monetary Fund (IMF) on Monday upped Italy's 2015 growth forecast. https://www.thelocal.it/20150519/imf-raises-italys-growth-forecast Tue, 19 May 2015 12:53:14 +0200 imf-raises-italys-growth-forecast Italy's exports surge on back of non-EU demand Italian exports were up by 9.2 percent in March compared to the same month in 2014, mostly driven by demand from outside the EU, the national statistics agency, Istat, said on Monday. https://www.thelocal.it/20150518/demand-for-italian-products-sees-exports-surge Mon, 18 May 2015 15:05:13 +0200 demand-for-italian-products-sees-exports-surge Boost for Italy as growth matches Germany's Italy’s economy has made a comeback, growing 0.3 percent in the first quarter of this year – as fast as Germany, perceived to be the eurozone’s economic ‘powerhouse’. https://www.thelocal.it/20150513/boost-for-italy-as-growth-matches-germanys Wed, 13 May 2015 12:31:48 +0200 boost-for-italy-as-growth-matches-germanys Italy's economy gathering pace: OECD Growth momentum is strengthening in the eurozone, data from the Organization for Economic Cooperation and Development (OECD) released on Thursday showed, particulary in Italy and France. https://www.thelocal.it/20150409/italys-economy-gathering-pace-oecd Thu, 09 Apr 2015 17:03:43 +0200 italys-economy-gathering-pace-oecd Italy's economy 'among EU's worst' in Q4 2014 Italy's economy stagnated in the fourth quarter of 2014 thanks to sluggish domestic demand, going against the European trend in which most countries registered growth, figures released on Friday show. https://www.thelocal.it/20150213/italys-economy-among-eus-worst-in-q4-2014 Fri, 13 Feb 2015 13:08:00 +0100 italys-economy-among-eus-worst-in-q4-2014 Sex and drugs help lift Italy out of recession Italy learnt it was no longer in a recession on Wednesday thanks to a change in data calculations across the European Union which includes illegal economic activities such as prostitution and drugs in the GDP measure. https://www.thelocal.it/20141015/sex-and-drugs-lift-italy-out-of-recession Wed, 15 Oct 2014 16:19:58 +0200 sex-and-drugs-lift-italy-out-of-recession Italy's tax burden is higher than in Norway Italy’s tax-to-GDP ratio reached 44.0 percent in 2012, higher than that of Norway, EU figures released on Monday show. https://www.thelocal.it/20140616/italy-tax-burden-is-higher-than-norway Mon, 16 Jun 2014 14:28:00 +0200 italy-tax-burden-is-higher-than-norway Drugs and sex trade set to boost Italy's GDP Italy's statistics agency on Thursday said estimated revenues from drug trafficking and the sex trade will be used to calculate gross domestic product (GDP) starting next year in a move expected to boost its economic results. https://www.thelocal.it/20140523/drugs-and-prostitution-set-to-boost-italys-economic-result Fri, 23 May 2014 09:35:00 +0200 drugs-and-prostitution-set-to-boost-italys-economic-result