In my last posts about the GDP of Italy throughout the years, there is still some issues related to poverty in Italy. “ In the first nine months of 2012, the proportion of families in debt almost trebled from 2.3 percent to almost 6.5 percent, according to the study.” Some of these 7 millions of families are now looking at their family savings just to have a standard living. Inequality from the class systems has risen with a 5.6 increase income on the wealthy while the poor do not get anything! Data from “Istat showed the Italian economy shrank 2.4 percent in 2012 and 0.9 percent in the fourth quarter of the year from the previous quarter. The data confirmed an earlier estimate that showed the recession in the eurozone's third largest economy deepening.” I guess it will going more of a plateau line for the year 2011-2013.
Source: http://libproxy.csun.edu/login?url=http://search.proquest.com.libproxy.csun.edu/docview/1315754310?accountid=7285
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