Crisis, Eurostat: “Italy does not recover, worse than other big EU” – Rai News

The level of industrial production is still lower than 31% below pre-crisis highs: recovered only 3%. In France, the recovery was 8%, Germany 27.8%, UK 5.4% and Spain 7.5%. Well the confidence of consumers and businesses. The Ministry of Economic Development: “Italy suffers crisis and longer lasting, Eurostat data show that meshed recovery”

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3 January 2016 Eight hard years and the wounds still burn. Our country, despite signs of recovery, is still unable to recover the losses of the crisis and move like other big European. According to Eurostat data presented by the Ministry of Economic Development, the main difficulties are in the industry and where the work is to starve especially youth employment. The minimum recorded during the crisis, this has recovered only 0.9 points against the 2.7 of Germany, 4.2 in Britain and 1.9 in Spain. In our country, the employment rate for young people between 15 and 24 was only 15.1% compared to 28% in France, 43.8% in Germany, 48.8% in the UK and 17.7 % of Spain. Than the lows of the crisis recovery was only 0.9 points, compared to 1.9 in Spain, 2.7% in Germany and 4.2 in Britain.
And although in the third quarter of last year, the unemployment rate fell to 11.5%, although there is evidence that the recovery slow, the comparison with Germany, where the rate was 4.5%, and with the United Kingdom where it was at 5.2%, it remains relentless. Spain, despite an unemployment rate still high at 21.6%, compared to the darkest moments of the crisis has nonetheless recovered 4.7 points compared to 1.6 in Rome. Special case, that of France: the unemployment rate is lower than Italian, to 10.8% but it is still the worst figure in the last 18 years.
According to data contained in the ” dashboard cyclical “developed by the Ministry of Economic Development, the level of the Italian industrial production by more than 31% lower than the highest pre-crisis and recovered only 3% from the lows hit during the recession. France has recovered 8%, Germany 27.8%, the UK 5.4% and Spain 7.5%.
The comparison is even more unforgiving if you looks to the construction industry: in October of this year Italy was 85 points below the pre-crisis maximum and reached a new absolute minimum since the economic crisis. According to Eurostat, all the other big instead have recovered from negative peaks, from 3.4% in France to 32.9% in Spain.
Should be better, instead, for the confidence. Consumers and businesses. In this Italy distances almost all European partners.

For the Ministry of Economic Development Italy meshed recovery and, by international standards, with the main EU countries, suffers a crisis longer and harder. In Italy – the precise Mise – the recovery started only between 2014 and 2015, while in other countries as early as 2009. There remain of course long-term problems – said the ministry – that the government, beginning with the measures of the law Stability, is finally facing “.