OECD warns Italian economy 30% smaller than others, update 2

Gap between Italy, other developed nations widening

(ANSA) - Paris, February 9 - Italy's economy is 30% smaller than other major developed countries and the gap is widening because it has failed to shake off recession, the OECD said Monday in a scathing report.
    It estimates GDP per person in Italy is falling compared with the average of the top 17 nations that it measures.
    "The lack of recovery from recession is causing the per capita income of Italy to fall against other major OECD economies," the Paris-based organization said.
    The gap has widened from 2007, when Italy's economy was 22.7% less than comparable countries, said the OECD.


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