WellTax Blog

Italian emigration continues despite strong economic recovery

Italy’s economy is doing its best for years, but Italians are still pouring out of the country.

Gross domestic product is growing faster than at any point since 2010, employment is back to pre-crisis levels and the labour inactivity rate is close to an all-time low.

So why has the number of Italians living outside the country reached 5.4m — a figure that represents almost 10 per cent of the population and which grew 3.5 per cent last year?

The data highlight a story of a dysfunctional labour market, a society in which young, ambitious people often feel unfairly treated, and an economic recovery from which, in large part, they have yet to benefit…

Article from the “Financial Times”

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