Italy's fall in GDP during the economic crisis was bigger than the EU average but the recovery has been slower, according to a new report by trade union CGIL and the Fondazione Di Vittorio foundation. It said Italy's GDP in 2017 was still 7% lower than the pre-crisis level in 2007.
In France and Germany, meanwhile, GDP is 5.2% and 9.4% higher than 2007 respectively, the report said. Even Spain, which was also badly hit by the crisis, has almost regained all the lost ground - its GDP was 0.5% down on the 2007 level last year. According to projections in the report, Italy's GDP will still be five points down on the 2007 level in 2018.
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