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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