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Emily Riley

Doctoral student

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Why does Italy not grow?

At this point in 2014 (in September), the prospects for Italian growth and inflation have weakened considerably—they may well be close to zero for the year. By U.S. criteria, as Frankel (2014) points out, Italy is now in a six-year-long recession. Indeed, the Italian economy has barely grown since it joined the euro area in 1999.

By: Ashoka Mody and Emily Riley Topic: Macroeconomic policy Date: October 10, 2014