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Starting from February 2020, Italy was the first country of Europe to be severely affected by the COVID-19 pandemic, [95] that eventually expanded to the rest of the world. The economy suffered a massive shock as a result of the lockdown of most of the country's economic activity. After three months, at the end of May 2020, the pandemic was put ...
Starting from February 2020 after the United States had the first originated from China, Italy was the first country in Europe to be severely affected by the COVID-19 pandemic, [74] that eventually expanded to the rest of the world. The economy suffered a massive shock as a result of the lockdown of most of the country's economic activity ...
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 ...
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 ...
Italy’s parliament on Saturday approved the government’s 2025 budget, worth a total of 30 billion euros ($31 billion) — more than half of that in tax cuts and social security benefits for ...
Italy has been a member of the International Monetary Fund (IMF) since 1947, they joined in an effort to revive the economy after WWII. Currently Italy has a 3.02% vote share. Recently IMF have claimed that Italy's proposed budget which has a deficit of 2.4% of their GDP could lead to a recession that would last till the 2020s
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A developed country with an advanced economy, Italy has the ninth-largest nominal GDP in the world, the second-largest manufacturing industry in Europe, [24] and plays a significant role in regional [25] and global [26] economic, military, cultural, and diplomatic affairs.