The International Monetary Fund on Tuesday sharply lowered its growth outlook for the eurozone, as powerhouse Germany sputters while Italy looks set to miss out on growth altogether.
European Commission head Jean-Claude Juncker called on Tuesday for "extra efforts" from Italy's populist government to keep the increasingly stagnant economy growing, after talks with Italian Prime Minister Giuseppe Conte.
Chinese businesses are flourishing amid Italy’s recession, with the number of new businesses rising by 6.1 percent between 2012 and 2013, compared to a 1.6 drop in the number of new Italian-owned businesses.
Italy's back in recession, but many experts believe that things are better than they look, and the country will soon turn a corner. Even so, serious reform is needed, economist Christian Schulz tells The Local.
Italy's gross domestic product (GDP) shrank 0.2 percent in the second quarter, dragging the eurozone's third-biggest economy back into recession, the national statistics agency said on Wednesday.
Italy's energetic premier Matteo Renzi has staked his reputation at home and abroad on an ambitious reform agenda, but he may have underestimated how difficult it would be to win over unruly opposition parties reports AFP.
The number of businesses in Italy fell by 12,000 in the first three months of 2014, according to a report released on Thursday by the business confederation, Confcommercio.
Italy's public deficit inched down to 2.8 percent of gross domestic product in 2013 - 0.1 of a point lower than in 2012 and staying below the EU threshold of 3.0 percent, official data showed on Monday.
Italy will cap salaries at some of the country's biggest public companies, the new government of 39-year-old Matteo Renzi has announced, though some major groups will be exempt.
Italy's borrowing costs fell on Friday in a bond auction that raised €6.75 billion in the latest sign of improved investor confidence as the economy gradually emerges from a painful recession.
Figures released from Italy's economy ministry on Wednesday revealed that 350,000 Italians lost their jobs during the country's double-dip recession, while more people became self-employed.
Italy's economy shrank by 1.9 percent in 2013, hitting a new record of 132.6 percent of GDP but staying within the European Union's limit in mixed news for the country's new government, official figures showed on Monday.
Italy's economy began a recovery in the fourth quarter of 2013 with 0.1-percent growth - the first positive result following a two-year recession, official data from the Istat agency showed on Friday.
A 0.9-percent slump in Italy's industrial production in December, following three months of consecutive increases, disappointed investors on Monday and cast a shadow over hopes for a recovery this year.
With unemployment at record levels and some of the highest poverty levels anywhere in the EU, Italy's economic crisis has left many formerly well-off Italians barely able to put food on the table.
There has been a rise in the number of Italians committing suicide as they grapple with money problems amid a recession that is showing little sign of letting up, with 119 taking their lives since the start of 2013, new figures reveal.
Restricted lending by Italian banks is hampering the country's recovery, the Organisation for Economic Cooperation and Development (OECD) said on Tuesday.
Italy worsened its official growth forecast for 2013 on Monday, predicting a shrinkage in gross domestic product (GDP) of 1.8 percent compared to a previous estimate of 1.7 percent contraction.
Italians are continuing to tighten their belts amid the country's longest recession in over two decades, with two out of three, or 68 percent, cutting back on buying clothing this year.
Despite Italians being in the midst of the worst recession since the Second World War, a new study has found they are still throwing away €8.7 billion of food each year.
