Hurray, Italy is able to bring the Eurozone’s GDP to the bottom. The PD considers the author of this disaster “Indispensable”
Not good news for the GDP of the Euro area in the fourth quarter of 2020. There was no rebound, not even stationary, down by 0.7%.
A result that is bad, even if a value of around -1% was expected, so it could have been worse. Who are the culprits of this little disaster? Let's consider that Germany saw GDP grow by 0.1% while Spain grew by 0.4%, again in the fourth quarter. The responsibility for the poor result falls on France, which made a -1.3%, and, above all, on Italy which managed to ring a nice -2% dry.
We warmly congratulate the authors of this good result, which brings Italy to the bottom as an anchor that risks taking the ship with it. In total, the decline in Eurozone GDP in 2020 was equal to 6.8, and Italy managed to achieve a good -8.8%, the worst result since 1945.
Who was the atomic responsible for this disaster? The Dynamic Duo Conte Gualtieri: in fact, it is clear that the countries that have invested the most in their economic system and that have been able to contain more damage due to lockdowns are those that have achieved the best results. Germany and Spain have been generous in subsidizing their economic system, and the results are visible. On the contrary, Gualtieri was stingy, while Conte was generous with the closures, and also in this case the results can be seen.
The funniest thing, if it were not tragic, is that the PD has made a firm point of the formation of a new government confirming the worst minister of the economy or finance from 1945 to today. Even more tragicomic is that the same person is apparently wanted by the Commission itself and by Germany. We want a character who, in his own inability, is capable not only of destroying the Italian economy, but also of damaging the European one. Evidently the market for hybrid Mercedes, BMW or Peugeot does not interest anyone much.
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The article Hurray, Italy manages to bring the GDP of the Eurozone to the bottom. The PD considers "Indispensable" the author of this disaster comes from ScenariEconomici.it .
This is a machine translation of a post published on Scenari Economici at the URL https://scenarieconomici.it/evviva-litalia-riesce-a-portare-a-fondo-il-pil-delleurozona-il-pd-ritiene-indispensabile-lautore-di-questo-disastro/ on Tue, 02 Feb 2021 17:09:28 +0000.