Mario Draghi, the country's prime minister, pointed to the fact that Italy's economic growth was expected to hit roughly 6% in 2021, following a drop of almost 9% in 2020. “Employment has also begun to grow again: in the third quarter of this year, there were 500,000 more people in work, and 308,000 less unemployed people compared with the same period in 2020, he said.
A former head of the European Central Bank, Draghi became Italy's prime minister in February 2021, and has guided the country through the latter part of the pandemic with steadfastness and competent manner that has been appreciated both at home and abroad. Draghi is now being touted as a potential replacement for Sergio Mattarella, Italy's outgoing president, though many in Italy would prefer to see him stay in his current more day-to-day role.
Italy is currently the world's eighth-largest economy, with a GDP of $1.85 trillion in 2020, and GDP per capita reaching $31,360. The country has a strong manufacturing sector, the second-largest in Europe, operating in sectors as varied as industrial equipment, fashion, pharmaceuticals and automotive manufacturing.
In November 2021 Italy's manufacturing sector recorded its strongest growth for more than 24 years, with the IHS Markit Purchasing Managers' Index (PMI) for Italian manufacturing rising to 62.8, its highest level on record. It is estimated that manufacturing revenue in Italy will reach more than $140 billion by 2025.
The country also has a strong and internationalized financial services sector, as well as strong export-driven industries. According to the United Nations Conference on Trade and Development (UNCTD), Italian merchandise exports rose by more than 30% between 2005 and 2020, hitting $496 billion in 2020, despite the effects of the global pandemic.
Diese Geschichte stammt aus der January 28 - February 04, 2022-Ausgabe von Newsweek Europe.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der January 28 - February 04, 2022-Ausgabe von Newsweek Europe.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
All the Right Moves
PR experts tell Newsweek the winning strategies that keep Dancing With the Stars as popular as ever after 19 years
Front Line of History
A fascinating series of snapshots showing a medic's experience of the Korean War have been uncovered by his grandson
CLEAR AND PRESIDENTIAL DANGER
IN A CAMPAIGN THAT'S BEEN FULL OF SHOCKS, COULD AN OCTOBER SURPRISE PROVIDE A FINAL TWIST IN THE RACE TO THE WHITE HOUSE?
'We're Not Beasts, We're Just People'
Trans MMA fighter Alana McLaughlin on coping with societal and family of being the 'bigger person' expectations
Is This France's #MeToo Moment?
The trial of Dominique Pélicot, who has admitted drugging his wife and allowing her alleged rape, has highlighted a culture of sexual violence in the country
Washington is 'Playing With Fire'
In an exclusive interview with Newsweek, Russian Foreign Minister Sergey Lavrov warns the U.S. to accept his country's proposal to end the war in Ukraine or face \"dangerous consequences\"
Zachary Quinto
ZACHARY QUINTO HAS PLAYED DOCTORS BEFORE, BUT HE'S \"NEVER PLAYED a doctor like\" the one he plays on NBC's Brilliant Minds (September 23).
Adam Brody
NETFLIX KNOWS EXACTLY WHAT MILLENNIALS want, and it's to see Adam Brody and Kristen Bell fall in love.
Partners in Crime
Actor Joseph Gordon-Levitt shares his delight at teaming up with Shailene Woodley again in new Amazon Prime movie Killer Heat
HOW TO FIND A WORKPLACE THAT LOVES YOU BACK
Insights from America's Top Most Loved Workplaces