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Economic Survey of Italy

Economic Survey of Italy

Italy continues to suffer from long-standing social and economic problems. Italy's GDP per capita is at the same level as 20 years ago and well below its pre-crisis peak. GDP growth has slowed and is projected to contract by 0.2% in 2019 and expand by 0.5% in 2020. Expansionary fiscal policy and low growth will push the general government budget deficit to 2.5% of GDP in 2019 from 2.1% in 2018.