Giorgetti warns pro-capita GDP and not Italy's GDP growing

Economy min. calls for reflection

By: ansa.it

Oct 09 2024
0
0 Views

Giorgetti warns pro-capita GDP

Economy Minister Giancarlo Giorgetti on Wednesday warned that, while pro-capita GDP was growing, Italy's GDP wasn't, addressing the Lower House during a debate on the Structural Budget Plan.
    "We have become a mass distinguished society in which pro capita GDP is growing but not Italy's aggregated" gross domestic product.
    "I want to reflect about this here, because when in a few days we will be making choices regarding the budget law, we need to think long-term, including about new generations", noted the minister.
    "I stress here that there is a clear correlation between demography and GDP growth", said Giorgetti.
    He noted that a country like Italy with a declining population, which is "losing 300,000-400,000 Italian citizens each year, can't imagine a growth of 3.4% or 5%".