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Italy: Slow progress, economically and structurally

Author

Listed:
  • Oscar-Erich Kuntze

Abstract

With an increase in real GDP of 0.3%, economic growth in Italy fell considerably behind expectations in 2003. The unemployment rate was 8.7% for the year. Inflation reached 2.8%. In 2004 real GDP will probably increase by around 1%. The unemployment rate will be ca. 8½% for the year, and consumer prices will be around 2½% higher than the previous year. In 2005 GDP will increase by around 2%. The unemployment rate will decrease to 8¼%, and prices increases will be around 2½%.

Suggested Citation

  • Oscar-Erich Kuntze, 2004. "Italy: Slow progress, economically and structurally," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 57(12), pages 43-52, June.
  • Handle: RePEc:ces:ifosdt:v:57:y:2004:i:12:p:43-52
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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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