Feb 11 • 11:30 UTC 🇮🇹 Italy Il Giornale

Casasco: "Italy is back on track. Surpassed France in GDP per capita in terms of purchasing power parity"

Maurizio Casasco announces that Italy has surpassed France in GDP per capita, indicating a recovery in the Italian economy and improved living standards.

Maurizio Casasco, a member of the Italian Parliament and head of the economics department for Forza Italia, has stated that new European data suggests that Italy has surpassed France in GDP per capita adjusted for purchasing power parity by 2025. This statistic, derived from recent economic forecasts by the European Commission and Eurostat, signals a significant strengthening of relative living standards for Italians compared to their European counterparts. Casasco emphasized the importance of this development as an indicator of Italy's recovering economic system.

According to the European Commission's reports, Italy's economic growth between 2024 and 2025 has been more robust than that of France. This reversal is significant, especially considering that in 2019, France was considerably ahead in terms of GDP per capita. The forecasts predict that the convergence in GDP per capita not only reflects a positive trend for Italy's economy but also highlights the diminishing gap between the two nations, suggesting an encouraging trajectory for Italian welfare and economic health.

Casasco's remarks reinforce the notion that Italian public policies and economic strategies are yielding positive results, with potential implications for future economic planning and investment within the country. As Italy strengthens its economic position within Europe, it could attract more foreign investments and possibly increase the overall confidence in the Italian market, leading to further economic advancements and improvements in living standards.

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