Italy Flags

Italy's productivity is on the decline. This is bad news for Italy and for the EU (and especially the Eurozone countries).

Italy seems to have a whole bureaucracy of regulation that keeps Italian companies small ..... making it difficult to secure economies of scale ... and stops them doing lots of things that would improve their productivity.

Of course this is unsustainable in the longer-term ... but Italy is a conservative country ... not really open to change.

I fear things have to get worse before they get better.