Over the past few years, Italy’s economy has gone through a recessionary period. A recession is defined as two negative quarters of contraction and is a sharp slow-down in the rate of economic growth. In the final quarter of 2018, Italy’s economy shrank by 0.2% and is the third time the country’s growth has fallen into recession over the last decade.
The rise of populist parties across Europe has made the implementation of the orthodox economic reforms- espoused by the European Union to greater economic success and stability less certain. This… read more →