Rome March 2 2022: Italy’s GDP rose by 6.6% in 2021 with respect to the previous year, the Italian National Institute of Statistics (ISTAT) said on Tuesday.
The national statistics agency said that:”The Italian economy registered growth of exceptional intensity due to the strong recovery of productive activity after a 2020 characterized by the effects of the health emergency.”
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It said domestic demand was the driving force of the increase.
Italy’s GDP dropped by 8.9% in 2020.
The agency said Italy’s public deficit fell from 9.6% in 2020 to 7.2% last year.
ISTAT said the debt-to-GDP ratio dropped to 150.4% in 2021 from 155.3% the previous year.
