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South Italy lost 600,000 jobs in 6 years
An Italian man reads job offers outside a recruitment agency in the city of Milan.
Southern Italy has lost 600,000 jobs over the past six years and the area has lost some 43.7 billion euros of its gross domestic product (GDP) during the economic crisis, a report shows.
The data was released on Friday by the country’s industrial employers’ association Confindustria.
The association also said that...
Data shows Italy’s recession enters third year
Italy’s economy has entered its third year of recession after its gross domestic product (GDP) continued to contract in the third quarter of this year, official data shows.
The national statistics office, Istat, reported on Thursday that Italy’s GDP shrank by 0.1 percent in the July-to-September period, marking the ninth quarterly contraction in a row.
Furthermore, the figures showed that on an...