Tag: Italy GDP

• Friday, June 6th 2014 - 08:02 UTC

  Italy planning to boost economy by including shadow economy as part of GDP

  

  Drugs, prostitution and arms smuggling may not be legal, but it's all real economic activity, at least in Italy, which will now include illegal enterprises as part of its gross domestic product (a measure of the goods and services a nation produces). Italy has decided to boost the size of its economy by including the value of black market activities.