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Economy of Italy. Milan is the economic capital of Italy, [1] and is a global financial centre and a fashion capital of the world. All values, unless otherwise stated, are in US dollars. The economy of Italy is a highly developed social market economy. [30]
After 1964, Italy maintained for a while a constant growth rate of above 8% every year. [47] Later on, due to political, economical and social problems in the country during the late-1960s and most of the 1970s, [48] the economy went stagnant and in 1975, entered its first recession after that of the late-1940s.
Six European nations, Belgium, France, Germany, Italy, Luxembourg, and the Netherlands took a step toward economic integration with the formation of a common market of coal and steel. They formed the European Coal and Steel Community in 1951. The idea was to stream-line coal and steel production.
Every month, the U.S. Census Bureau releases a report called New Home Sales. The moment it arrives, investors, financial journalists, lawmakers, central bankers and economists begin poring over it ...
Italy's administrative boundaries have seen significant devolution in recent decades; the metropolitan area was created as a new administrative unit, and major cities and metro areas now have a provincial status. According to OECD, [50] the largest conurbations are: Milan – 7.4 million; Rome – 3.7 million; Naples – 3.1 million; Turin ...
New home sales hit a six-month low in May as high mortgage rates continued to weigh on potential buyers. Sales of new single-family homes fell 11.3% from the previous month to a seasonally ...
Ryan expects price inflation to continue to slow in the coming months, and predicts home prices will rise 3% next year, and 2.5% in 2026. He suggested Capital Economics’ forecast was once ...
t. e. The history of Italy in the Middle Ages can be roughly defined as the time between the collapse of the Western Roman Empire and the Italian Renaissance. Late antiquity in Italy lingered on into the 7th century under the Ostrogothic Kingdom and the Byzantine Empire under the Justinian dynasty, the Byzantine Papacy until the mid 8th century.