#639 | What’s Wrong With Italy’s Economy?
English Learning for Curious Minds | A More Interesting Way To Learn English

#639 | What’s Wrong With Italy’s Economy?

B2Upper-intermediateOctober 22, 202625 min
  • Business & money

Italy builds Ferraris and Lamborghinis, welcomes millions of tourists, and produces food, fashion and design admired around the world. Yet beneath all that beauty, its economy has spent decades running without going anywhere. What went wrong, and what, if anything, can be done about it? Italy’s unification: a poor agricultural economy Post-war economic miracle: Fiat, Vespa and Olivetti Small family firms drive industrial growth Lira devaluation keeps Italian exports competitive Rising public debt during the 1980s Euro membership removes currency devaluation Productivity stagnation after the computer age begins Small firms, burea...

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Hello, hello, hello and welcome to English Learning for Curious Minds by Leonardo English, the show where you can listen to fascinating stories and learn weird and wonderful things about the world at the same time as improving your English. I'm Alistair Budge and today we are going to be talking about Italy and specifically the Italian economy and even more

0:29

More specifically, what went wrong? Italy has experienced three decades of stagnation, with barely any growth in wages or living standards, whilst much of the rest of Europe has fared much better. Today, we will be talking about the reasons why. But before we get right into today's episode, I want to remind you that you can become

0:52

a member of Leonardo English and follow along with the interactive transcript and subtitles over on the website which is lianadoenglish.com. Membership of Leonardo English gives you access to more than double the number of episodes plus all of our learning materials including instant translations in 12 languages, study packs and much much more. So if you are ready

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