IndiaToday:
A report by the General Confederation of Italian Industry, commonly known as Confindustria, predicted that the country’s GDP will shrink by 10 per cent in 2020, setting economic development back 23 years.
The prediction was made in Confindustria’s latest report on Saturday. The organization forecast 4.8 percent economic growth in the next year, not considering the government’s budget for the new fiscal year and EU funds.
…funny story, I actually had a job offer from an Italian machine manufacturer late last year that would have involved travelling to site installation, but FIRST training with them, in Italy, for a couple of months before going on the road. I kind of liked the idea of a free Italian vacation and the pay was OK, but talking to the wife and praying on it, we decided that wasn’t for me.
It would have started in Feburary 2020.
…thank you, Jesus, for pointing me away from THAT one…
And the Italian government still is preventing tourism from the US and many other countries unless the person is willing to quarantine for two weeks (at the traveler’s expense) before venturing out into the countryside.
Guess their 2021 is going to shrink even further. Oh well.
10% reduction = 23 year setback? Talk about slow growth! Must be a socialist, I mean ‘Democratic Socialist’, country.
Grocery store report: “Sell By” or “Best By” dates on products are now closer to the current date than at any time I can remember. Translated: a lot of people are out of work and not buying. “No one has any money.”
The economic effects of the fake pandemic are still unfolding. It’s going to take Trump Boom II to fix it. Another reason to vote for Trump, you dumbass Democrats!
Well said LCD. If you’ve only grown 10%n in 23 years you have a problem.
u elected commies, let in muslims, got rid of the 1 gubmint-guy doing any good – enjoy it, ****-suckers
NBA’s revenues in 2020 on track to shrink back to same level as 23 years ago: Report
no forward gears, just 23 reverse gears (kinda like the O’Biden Bama economy)
reminds me of that old joke about the new Italian tanks that came out in WWII … has 5 reverse gears, & 2 forward gears … in case they’re attacked from the rear