Italy's Economic History: Boom and Stagnation

Italy has experienced periods of rapid economic growth followed by stagnation throughout its history. After the Second World War, it underwent rapid growth due to investments from the USA and rebuilt its economy. However, Italy faced challenges with debt, tax avoidance, and low productivity. Restructuring efforts led to another period of growth in the 1980s, driven by exports of high-quality Italian goods. But the country's economic growth was short-lived and has been in decline for the past 15 years. Italy's current challenges include an aging population, brain drain of skilled workers, low productivity, and a large informal economy.