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Italy: Economic reforms slowly introduced

Author

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  • Oscar-Erich Kuntze

Abstract

In Italy economic activity recovered in the second quarter of 2002. The real gross domestic product expanded by around 0.4% for the year and the unemployment rate sank to 9%. The inflation rate went up to 2.6%. In 2003 the real gross domestic product will probably increase by around ½%. On the labour market the situation will deteriorate somewhat, and the unemployment rate will increase to 9¼% for the year. Consumer prices will be around 2¾% above the level of the previous year. In 2004 GDP will grow by 1½%. The unemployment rate will remain at 9¼% and inflation will exceed the level of 2003 by 2¼%.

Suggested Citation

  • Oscar-Erich Kuntze, 2003. "Italy: Economic reforms slowly introduced," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 56(14), pages 35-44, July.
    • Handle: RePEc:ces:ifosdt:v:56:y:2003:i:14:p:35-44
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    More about this item

    JEL classification:

    • O10 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - General
    • O52 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Europe

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