Southern Italy’s GDP turned positive in 2015 after 7 straight years in recession, ISTAT says

Jul 07, 2016 1061

by Marzio Bartoloni

After 7 straight years of recession, the Mezzogiorno (Southern Italy) is finally growing again, and actually at a quicker pace than the rest of the country, as it rose 1% in 2015 against a national average of +0.8%.

Signs of recovery are also visible in the labor market, which has been heavily affected by the crisis: in Southern Italy the employment rate's increase currently has a pace that is more than twice the national average (+1.5% against +0.6%). The industrial North East on the contrary saw numbers drop, while in Center weakness persists.

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Fonte: Italy24

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