Edition: International | Greek
MENU

Home » Europe

Giorgia Meloni’s Italy

Italy’s Prime Minister Giorgia Meloni epitomizes modern European right-wing populism. Here are some pivotal facts about the country she leads

By: EBR - Posted: Monday, June 3, 2024

A slight majority of Italians do not have a positive image of Giorgia Meloni after nearly two years in charge. 52% disapprove of her government, whereas only 41% think positively about her performance.
A slight majority of Italians do not have a positive image of Giorgia Meloni after nearly two years in charge. 52% disapprove of her government, whereas only 41% think positively about her performance.

1 If one looks at GDP figures, Italy’s economy has recovered well from the pandemic, expanding by 0.9% in 2023 and 0.6% in the first quarter of 2024. As a result, GDP surpassed its pre-Covid level by 4.5% – a stronger performance than in other large euro area countries.

2 However, Italy’s GDP performance heavily relies on extraordinary post-pandemic support measures enacted by successive governments between 2021 and 2023, totaling €296 billion – equivalent to about 15% of GDP.

3 Italy’s underlying vulnerabilities include that it is expected to overtake Greece by 2028 as the EU economy with the highest public debt – reaching 143.7% of GDP, up from 137.3% in 2023.

4 Poverty levels in Italy have also been rising. Between 2013 and 2023, the purchasing power of gross wages in Italy has decreased by 4.5%, while in the other major economies of the EU it has grown at rates ranging from 1.1% in France to 5.7% in Germany.

5 Italy’s GDP has returned to the pre-global economic crisis levels of 2007. However, over the past 15 years, Italy has accumulated a growth gap of over 10 percentage points with Spain, 14 with France and 17 with Germany.

6 Italy accounts for 12.3% of the EU’s total GDP. Its GDP per capita is €34,400 – slightly under the EU average of €35,500.

7 Italy contributes approximately €18 billion to the EU budget. The EU member state that contributes the most is Germany (€33 billion), the lowest contributor is Malta (€150 million).

8 A slight majority of Italians do not have a positive image of Giorgia Meloni after nearly two years in charge. 52% disapprove of her government, whereas only 41% think positively about her performance.

9 Italy is among the EU member countries with the greatest share of people who believe that their country would do better outside the EU (40%). Other EU member countries include Poland (47%), Cyprus (42%) and Slovenia (41%).

10 Italy’s defense spending is approximately 1.3% of GDP. The EU member state with the highest defense spending is Greece (2.6 %), the lowest is Ireland (0.2%).

11 Some 45% of Italians are against sending weapons to Ukraine, compared to 34% in favor. Among supporters of Meloni’s Brothers of Italy party, 47% are against arms supplies.

*firt published in: Theglobalist.com

READ ALSO

EU Actually

The G7 wants to project strength, but the traditional group photo shows its weakness

N. Peter KramerBy: N. Peter Kramer

An 81-year-old Biden trailing Trump in the polls; Macron and Scholz who have just been defeated by the far right; Sunak on his last G7 meeting before his election defeat

View 04/2021 2021 Digital edition

Magazine

Current Issue

04/2021 2021

View past issues
Subscribe
Advertise
Digital edition

Europe

EU Commission ups pressure on seven countries’ public spending; spares Estonia for defence investment

EU Commission ups pressure on seven countries’ public spending; spares Estonia for defence investment

The European Commission issued formal warnings to seven member states for violating the bloc’s budget rules

Business

The new type of smart, sustainable entrepreneurship and the next day

The new type of smart, sustainable entrepreneurship and the next day

Both retail and industry go hand in hand with the new type of smart entrepreneurship as they are at the level of rapid developments and changes spearheaded by the new circular economy and sustainable development

MARKET INDICES

Powered by Investing.com
All contents © Copyright EMG Strategic Consulting Ltd. 1997-2024. All Rights Reserved   |   Home Page  |   Disclaimer  |   Website by Theratron