Financial News

At the end of the Second World War, Italy found in the heart of the Western European institutions such as NATO, the G8, the OECD and the European Union. Italy is fast moving from an agrarian economy to be an industrial power, and is currently an industry of services, today introduced up to 69 percent of the Italian economy, followed by industry, 29 percent, and agriculture 2 percent.

with an extremely small drill robust medium enterprise sector, according to the Italian family business is not as successful in their attempt to establish their multinational corporations. Well-known brands in the fashion world, or wine and automotive industries, have once been a family business. But since many of these companies are not highly technologically developed under increasing pressure of a globalized economy where the product at much lower prices can be manufactured in other countries.

As a result growth rates have slowed to virtually zero and 2007, real GDP growth of 1 5%, only slightly above its previous average. One of the difficulties that Italy faced in the course of time, there was the high level of corruption and organized crime, massive unemployment and debt, illegal immigration and an easy to see difference between the north, advanced, and the South, poor.

By 1995 the debt reached Italy as much as 124 percent of GDP. The repeated attempts to reduce these figures have not been very successful, and officially it is still close to 100 percent. Although unemployment has fallen steadily and now average 6 percent, he reached the south well over 20 percent.

On the other hand, inflation, a major challenge for Italy has been taken in time to a manageable level, although it is expected that the prices actually doubled with the introduction of the euro, and by also because of the high corruption levels. Import growth exceeded export growth is that resulted in a trade deficit in 2000 of over $ 1 3 billion less than in 1999, and $ 14,000,000,000 in 1996, $ 60,000,000,000.