Source: Foundation for Economic Education
by Marta Roels
“At the turn of the century, Italy was a G7 industrial power, admired for its fashion, automobiles, machinery, food, and design. Since then, a rigid labor market, complex taxation, slow courts, small family firms, heavy public debt, demographic decline, and the constraints of the euro have combined to undermine growth. Italy has not dramatically collapsed; it has lost time. Between 2000 and 2022, Italian labor productivity fell by roughly 4%, while the EU average rose around 20%.” (10/09/26)