Italy: Istat annual report found that young people are the big losers of the crisis

s” and analyses the conditions for the country’s long-term development. (Ref. 100435)

Here are the key points of the 18^th annual Istat report presented in Rome on Wednesday, May 26^th, entitled “Overcome the crisis and invest into the future.”

Businesses in the crisis. Analyzing the serious social and economic impact of the crisis in 2008 and 2009, which brought GDP down to its level in the early 2000s (-5%), with more production losses than in other industrialized countries, the report shows that, between 2001 and 2009, the Italian economy had the lowest cumulated growth in the EU: hardly 1.4% as opposed to 12.1% in the EU.