Re:Why Italy Could Be the Epicenter of the Next Financial Cr...
by isostatic on Sunday October 14, 2018 @09:21AM
(#18212756)
In 1999 Italy was 7th, in 2017 it was 9th (world bank placing)
India and Brazil overtook it thanks to massive growth. That's not a problem for Italy directly. The US has changed from 29% of the world economy to 24% over the same period.
Relative numbers are slightly more concerning though.
Since 1999, Italy's gone from 3.8% of the economy to 2.3%, a much larger drop than the U.S.
In 1999 Italy's GDP was 56% that of Germany. In 2017 it was 52%.
France moves 81% to 75%
US moved from 13% to 10%
Italy was 96% larger than Spain in 1999, now it's only 48%. It was 81% larger than Canada, now it's only 17%.
India and Brazil overtook it thanks to massive growth. That's not a problem for Italy directly. The US has changed from 29% of the world economy to 24% over the same period.
Relative numbers are slightly more concerning though.
Since 1999, Italy's gone from 3.8% of the economy to 2.3%, a much larger drop than the U.S.
In 1999 Italy's GDP was 56% that of Germany. In 2017 it was 52%. France moves 81% to 75% US moved from 13% to 10%
Italy was 96% larger than Spain in 1999, now it's only 48%. It was 81% larger than Canada, now it's only 17%.