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Italy’s public debt rises to record high


July 17th, 2012 - 3:13 pm ICT by IANS
Rome, July 17 (IANS) Italy's public debt hit a record high in May despite Rome's recent efforts to ease the overstretched finances, showed a central bank report.The national debt stood ... Read more...

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Italy’s GDP to drop in 2012


May 23rd, 2012 - 1:09 pm ICT by IANS
Rome, May 23 (IANS) An Italian national statistics agency has forecast that Italy's GDP would fall by 1.5 percent this year but would slightly rise by 0.5 percent in 2013.Italy's ... Read more...

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Unemployed Italians become shepherds


May 3rd, 2012 - 9:48 am ICT by IANS
Rome, May 3 (IANS/AKI) Thousands of young Italians are becoming shepherds as a way to make a living after facing the worst employment opportunities in more than a decade, according ... Read more...

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High inflation smothers salaries in Italy


April 25th, 2012 - 4:23 pm ICT by IANS
Rome, April 25 (IANS/AKI) Salaries in Italy have touched their lowest in real terms in almost 17 years, according to fresh data.Real incomes in March rose 1.2 percent over a ... Read more...

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Unemployment rate highest in nine years in Italy


April 3rd, 2012 - 4:49 pm ICT by IANS
Rome, April 3 (IANS/AKI) Italian unemployment in February rose to 9.3 percent, the highest level since 2003 as the eurozone's third richest country struggles to pull itself out of recession.In ... Read more...

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Consumer confidence rises in Italy


March 27th, 2012 - 3:39 pm ICT by IANS
Rome, March 27 (IANS/AKI) Italy's consumer confidence rose in March, defying tax hikes and other reforms that are expected to cut into paychecks in the euro zone's third-biggest economy.The confidence ... Read more...

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Italy’s 2011 debt-to-GDP ratio at record levels


March 3rd, 2012 - 1:45 pm ICT by IANS
Rome, March 3 (IANS) Italy's debt rose to 120.1 percent of GDP last year from 118.7 percent in 2010, the highest level since 1996, the national statistics institute Istat said.The ... Read more...

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Italian business confidence falls


February 28th, 2012 - 3:43 pm ICT by IANS
Rome, Feb 28 (IANS/AKI) Italian business confidence fell in February as the euro zone's third-largest economy was mired in recession.The manufacturing-sentiment index fell to 91.5 from 92.1 in January, national ... Read more...

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Inflation jumps in Italy


February 23rd, 2012 - 2:10 pm ICT by IANS
Rome, Feb 23 (IANS/AKI) The Italian inflation jumped as the rising cost of fuel and housing in January were the main factors that pushed up prices for consumers in the ... Read more...

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`Italy is in recession’


February 16th, 2012 - 2:25 pm ICT by IANS
Rome, Feb 16 (IANS/AKI) It's official, Italy, the euro zone's third-richest economy, is in recession. The value of the country's economy during the fourth quarter shrank by 0.7 percent from ... Read more...

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Italian police clamp down on tax evaders


January 30th, 2012 - 8:32 am ICT by IANS
Milan (Italy), Jan 30 (IANS) Italian police, in a bid to clamp down upon widespread tax evasion, Sunday carried out massive checks on bars, restaurants and shops in Milan, the ... Read more...

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Italy’s industrial production rose in November


January 13th, 2012 - 3:52 pm ICT by IANS
Rome, Jan 13 (IANS/AKI) Italy's industrial production in November managed to rise even though the eurozone's third biggest economy implemented cost-cutting measures amid an economic crisis and probable recession.Output gained ... Read more...

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Italian MPs are top earners in Europe


January 4th, 2012 - 11:32 am ICT by IANS
Rome, Jan 4 (IANS/AKI) Italian MPs earn an average salary of 16,000 euros (around $20,900 or Rs.11,12,000), making them the top earners among lawmakers in the European Union (EU), according ... Read more...

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Italian economy contracts in Q3


December 22nd, 2011 - 1:39 pm ICT by IANS
Rome, Dec 22 (IANS) Italy's GDP in the third quarter of 2011 dropped by 0.2 percent from the second quarter, marking the first contraction for almost two years, said the ... Read more...

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Italy’s industrial output suffers steep October decline


December 9th, 2011 - 1:54 pm ICT by IANS
Rome, Dec 9 (IANS/AKI) Italian industrial production in October suffered its steepest fall in almost two years as the country faced declining demand amid an economic crisis that will probably ... Read more...

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Consumer sentiment rises in Italy


November 25th, 2011 - 1:55 pm ICT by IANS
Rome, Nov 25 (IANS/AKI) Italian consumer confidence rose in November defying an economic crisis that toppled one government and forced the new one to explore ways to implement unpopular austerity ... Read more...

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Unemployment rises in Italy


November 1st, 2011 - 11:37 am ICT by IANS
Rome, Nov 1 (IANS/AKI) Italian unemployment rose slightly in September as uncertainty about prospects in the eurozone's third-largest economy discouraged hiring by companies. Difficulty in finding work was particularly pronounced ... Read more...

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Consumer confidence dips to three year low in Italy


October 26th, 2011 - 1:14 pm ICT by IANS
Rome, Oct 26 (IANS/AKI) Italian consumer confidence in October fell to its lowest level in more than three years amid concern that efforts to cut spending in Europe's second most ... Read more...

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Employment growth stagnates in Italy amid weak economy


August 3rd, 2011 - 1:27 pm ICT by IANS
Rome, Aug 3 (IANS/AKI) Italian unemployment declined slightly in June as companies in the eurozone's third richest country were too pessimistic about the economy to go on a hiring spree.Hardest ... Read more...

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One in five Italian families lives in poverty


July 16th, 2011 - 12:56 pm ICT by IANS
Rome, July 16 (IANS) One Italian household among five lives in poverty. In the country's southern region, the figure is one in two, Italy's national statistics office has said.The Italian ... Read more...

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One in four Italians face poverty due to recession


May 24th, 2011 - 11:37 am ICT by IANS
Rome, May 24 (IANS/AKI) One in four Italians currently face poverty as a result of the global financial crisis and their country's chronically low growth, the national statistics institute Isat ... Read more...

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Over one-fifth of young Italians neither study nor work


January 20th, 2011 - 2:46 pm ICT by IANS
Rome, Jan 20 (IANS/AKI) Over one-fifth of Italians aged between 15 and 29 are not enrolled for education and do not have a job - the highest rate in Europe - according ... Read more...

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Italian industrial output falls for second consecutive month


December 18th, 2010 - 12:23 pm ICT by IANS
Rome, Dec 18 (IANS/AKI) Italy's industrial output fell in October for the second consecutive month, signalling that the country's export-led economy is having difficulty emerging from last year's deep recession. Production fell ... Read more...

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Italy’s unemployment rate drops


August 31st, 2010 - 9:32 pm ICT by IANS
Luxembourg, Aug 31 (IANS/AKI) Italy's unemployment rate fell to 8.4 percent in July as the country's fragile economic recovery picked up steam, European statistics agency EUROSTAT said Tuesday. The rate of unemployment in ... Read more...

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Underground economy worth $344 bn in Italy


July 13th, 2010 - 10:30 pm ICT by IANS
Rome, July 13 (IANS/AKI) Italy's underground economy was worth between 255 and 275 billion euros (about $319-344 billion) in 2008, state-run statistics agency Istat said Tuesday. That amounted to 16.3 percent to 17.5 ... Read more...

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One in three youths without work in Italy


July 2nd, 2010 - 9:54 pm ICT by IANS
Rome, July 2 (IANS/AKI) One out of three young Italians were jobless in May as the country's unemployment hit its highest level in six years, official figures said Friday. The country's younger generation ... Read more...

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Fewer immigrants arrive in Italy in 2009


June 7th, 2010 - 11:12 pm ICT by IANS
Rome, June 7 (IANS/AKI) The number of immigrants arriving in Italy fell in 2009 even though the total population rose to above 60 million people, the official statistics agency Istat said. It ... Read more...

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Jobless rate in Italy to reach 11 percent


April 25th, 2010 - 9:12 am ICT by IANS
Rome, April 25 (IANS/AKI) Even as the country is going through its worst economic crisis since the World War II, unemployment in Italy is expected to rise to 11 percent by 2012, ... Read more...

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Italy’s economy to grow by 0.5 percent


April 22nd, 2010 - 9:47 am ICT by IANS
Rome, April 22 (IANS/AKI) Italy's economy is expected to grow 0.5 percent this year, down from the previous forecast of 0.7 percent, ratings agency Standard & Poor's has said. The predicted growth would ... Read more...

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Economic downturn hits family spending in Italy


April 8th, 2010 - 6:57 pm ICT by IANS
Rome, April 8 (IANS/AKI) Italian families had less money to spend on non-essential items last year as the economic crisis deepened in Europe's fourth-richest country. According to government statistics agency, Istat, the average ... Read more...

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One third of youth in Italy are jobless


April 1st, 2010 - 1:01 pm ICT by IANS
Rome, April 1 (IANS/AKI) At least one in three youngsters in Italy is unemployed as the country still suffers the impact of global recession, according to a data released by the government. Till ... Read more...

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Unemployment is 8 percent in Italy


December 2nd, 2009 - 4:20 pm ICT by IANS
Rome, Dec 2 (IANS/AKI) Italy's unemployment rate rose to eight percent in October, the highest rate recorded in five years. According to official statistics released by the European Union's statistics agency, ISTAT, ... Read more...

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Italian economy grows for first time in over a year


November 16th, 2009 - 4:35 pm ICT by IANS
Rome, Nov 16 (IANS/AKI) Italy exited recession in the third quarter of the year when its gross domestic product rose 0.6 percent, according to a preliminary estimate released by the central statistics ... Read more...

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