tag:blogger.com,1999:blog-3587064.post8737687923703171231..comments2023-06-19T13:39:00.651+02:00Comments on BONOBO LAND: Italian GDP SlowsUnknownnoreply@blogger.comBlogger2125tag:blogger.com,1999:blog-3587064.post-32544625701084178242007-08-14T20:26:00.000+02:002007-08-14T20:26:00.000+02:00"But in the case of Italy one should not forget th..."But in the case of Italy one should not forget the huge share of the shadow economy."<BR/><BR/>Yep, but then maybe this is only growing at 1%...<BR/><BR/>On a more serious note, for my concerns the submerged economy is essentially irrelevant, since by definition they don't pay taxes. Basically the issue is the sustainability of the Italian government debt. The Prodi government made all sorts Edward Hughhttps://www.blogger.com/profile/10384039867580949531noreply@blogger.comtag:blogger.com,1999:blog-3587064.post-87587445875124648972007-08-14T19:28:00.000+02:002007-08-14T19:28:00.000+02:00Growtrh of 0.1% is well within the limits of stati...Growtrh of 0.1% is well within the limits of statistical error. But in the case of Italy one should not forget the huge share of the shadow economy.The Prudent Investorhttps://www.blogger.com/profile/08447456005363321513noreply@blogger.com