Spaniards have became richer than Italians -- a heartening indication of Spain’s economic revival but a worrying sign for #Italy, the eurozone’s third-largest economy, which is stuck in political gridlock. Spain’s per capita gross domestic product exceeded that of Italy in 2017, according to IMF data published this week that compare countries on a so-called 'purchasing power parity' basis. #europe #latestagecapitalism #wealth #spain
https://www.ft.com/content/90d28bbc-43c2-11e8-803a-295c97e6fd0
"The #IMF also forecast that #Spain would become 7% richer than #Italy over the next five years. A decade ago Italy was 10% richer on the same basis."
Is Italy really on the verge of #collapse, like the #mainstream media portray?
#europe #wealth #latestagecapitalism #economy #eurozone #italia #classwar #wellbeing
Isn't #Africa following the example of Trump and conservatives in #MAGA?
The US is noteable as the only #developednation increasing its #debt burden, while all others are cutting theirs -- in some cases dramatically.
Make Africa Great Again!
#fiscal #austerity #budget #economy #finance #developingnation #wealth #banks #credit #bailout