ROME (Reuters) – In 2014, the southern Italian regions recorded the seventh consecutive year of recession, while the gap in GDP per capita between South and North-Centre has reached its highest level for 15 years.
He says the SVIMEZ, Association for the Development of Industry in Southern Italy, in anticipation of the Report 2015, presented today.
According to the study, in 2014 GDP fell by 1.3%, a slowdown compared to 2.7 in 2013. But last year the GDP in the Centre-North was -0.2% with a difference between the two areas of more than 1%.
“The worst performance of Southern GDP in 2014 is mainly due to a more favorable trend in domestic demand, both for consumption and investment,” said the association in a statement.
If you look then to the gross domestic product per capita, the gap is the highest level since 2000: in 2014 the GDP of an inhabitant of the South amounted to 53.7% of the national value.
Considering the period 2001-2014, the South Italy has recorded a decline in GDP of 9.4%, compared to 1.7% in Greece.
The report also indicates a decrease in consumption, which last year in the South fell by 0.4%, and a total of 13% about the period 2008-2014, more than double the national average (-5.5%).
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