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In the recent decades, however, Italy's economic growth has been particularly stagnant, with an average of 1.23% compared to an EU average of 2.28%. Previously, Italy's economy had accelerated from 0.7% growth in 1996 to 1.4% in 1999 and continued to rise to about 2.90% in 2000, which was closer to the EU projected growth rate of 3.10%.
Economic recovery was particularly pronounced in central Italy beginning in 1450. Silk processing, as well as new industries, such as firearms and printing, spread. [19] The growth, which thus had its roots in the demographic crisis of the early Middle Ages, produced a flourishing Renaissance economy that was advanced compared to European ...
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.
The history of early modern Italy roughly corresponds to the period from the Renaissance to the Congress of Vienna in 1814. The following period was characterized by political and social unrest which then led to the unification of Italy, which culminated in 1861 with the proclamation of the Kingdom of Italy.
Italy and its colonial possessions in 1914. Italy entered into the First World War in 1915 with the aim of completing national unity: for this reason, it is also considered the Fourth Italian War of Independence, [157] in a historiographical perspective that identifies in the latter the conclusion of the unification of Italy. [158] [159]
The history of Italy in the Middle Ages can be roughly defined as the time between the collapse of the Western Roman Empire and the Italian Renaissance. Late antiquity in Italy lingered on into the 7th century under the Ostrogothic Kingdom and the Byzantine Empire under the Justinian dynasty, the Byzantine Papacy until the mid 8th century.
The claim: Trump said the US, Italy have been allies ‘since the time of ancient Rome’ A Dec. 19 Facebook post (direct link, archive link) includes an image showing a woman seated behind ...
The ancient Italian city-states were Etruscan (Dodecapolis), Latin, most famously Rome, and Greek (Magna Graecia), but also of Umbrian, Celtic and other origins. After the fall of the Western Roman Empire , urban settlements in Italy generally enjoyed a greater continuity than settlements in western Europe .